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Indicate whether the statement is true or false
FALSE
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On December 31, 2018, Barry Company borrowed $500,000 by signing a five-year, 8% note payable. The note is payable in five yearly installments of $100,000 plus interest, due at the end of every year beginning on December 31, 2019. What amount represents the current portion of Long-term Notes Payable at December 31, 2018?
What will be an ideal response?
Explain what makes a contract legally enforceable.
What will be an ideal response?
Solomon breaches his contract with Neal to purchase the 500 pairs of socks he had promised to buy. Neal is able to sell the 500 pairs to Renny for a much lower amount. Neal then sues Solomon for damages. Neal will be able to recover
a. the amount in the liquidated damages clause. b. the difference between Solomon's contract price and the amount paid by Renny. c. Solomon's contract price. d. an amount which depends on whether Solomon intentionally breached because he found cheaper socks somewhere else.
A researched surveyed 121 employees for 2 weeks at various times during the day and had them record their moods and emotions. She also asked people to assess their job satisfaction with the various facets of their job such as pay, supervision, promotion opportunities, coworkers, and the work itself. She found that
a. the frequency with which the employees experienced positive emotions at work was negatively related to overall job satisfaction when controlling for their satisfaction with the facets of their job such as pay and so forth b. the frequency with which the employees experienced positive emotions at work was unrelated to overall job satisfaction when controlling for their satisfaction with the facets of their job such as pay and so forth c. the frequency with which the employees experienced positive emotions at work explained overall job satisfaction even when controlling for their satisfaction with the facets of their job such as pay and so forth d. pay satisfaction and supervisor satisfaction were the only variables that explained over job satisfaction