TPS stands for Toyota Production System

Indicate whether the statement is true or false


TRUE

Business

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Repair Service enters into a contract to fix washing machines in Soapy Suds Company’s coin-operated laundries. Repair breaches the contract. Soapy is awarded compensatory damages. The purpose is to

A. establish, as a matter of principle, that Repair acted wrongfully. B. provide Soapy with funds for a loss beyond the contract. C. provide Soapy with funds for its loss of the bargain. D. punish Repair and deter others from similar acts.

Business

Anthony Company sold Madison Company merchandise on account FOB shipping point, 2/10, net 30, for $20,000. Anthony prepaid the $300 shipping charge. Which of the following entries does Anthony make to record this sale?

A) Accounts Receivable-Madison, debit $20,000; Sales, credit $20,000 B) Accounts Receivable-Madison, debit $20,000; Sales, credit $20,000, andAccounts Receivable-Madison, debit $300; Cash, credit $300 C) Accounts Receivable-Madison, debit $20,500; Sales, credit $20,500 D) Accounts Receivable-Madison, debit $20,000; Sales, credit $20,000, andFreight Out, debit $300; Cash, credit $300

Business

What kinds of lateral relations will help increase information flow?

What will be an ideal response?

Business

Usually, a court will not award an equitable remedy unless the remedy at law is inadequate

Indicate whether the statement is true or false

Business