An executory contract between a minor and an adult is
a. absolute.
b. voidable by the adult.
c. voidable by the minor only.
d. a void agreement.
c
You might also like to view...
Match each of the following terms with the appropriate formulas.A. Days' sales in inventoryB. Dividend yieldC. Total asset turnoverD. Inventory turnoverE. Return on common stockholders' equityF. Gross margin ratioG. Days' sales uncollectedH. Profit margin ratioI. Times interest earnedJ. Debt ratio________ (1) 
________ (2) 
* 365________ (3) 
________ (4) 
-21.0px;" />________ (5) 
________ (6) 
________ (7) 
________ (8) 
________ (9) 
________ (10) 
* 365
What will be an ideal response?
A company that uses the percent of sales to account for its bad debts had credit sales of $740,000 in Year 1, including a $720 sale to Marshall Fresh. On December 31, Year 1, the company estimated its bad debts at 1.5% of its credit sales. On June 1, Year 2, the company wrote off, as uncollectible, the $720 account of Marshall Fresh. On December 21, Year 2, Marshall Fresh unexpectedly paid his account in full. Prepare the necessary journal entries:(a) On December 31, Year 1, to reflect the estimate of bad debts expense.(b) On June 1, Year 2, to write off the bad debt.(c) On December 21, Year 2, to record the unexpected collection.
What will be an ideal response?
Identify three functions for an ATM system
What will be an ideal response?
________ plans outline the firm's long-range (often two to five years) organizational goals and set a course of action the firm will pursue to reach its goals
A) Tactical B) Operational C) Strategic D) Short-term E) Contingency