When a party fails to perform in the manner called for in the contract, a breach occurs
Indicate whether the statement is true or false
True
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You are reviewing the accounting records of Buddy's Foreign Automotive, owned by Bruce Jones. You have uncovered the following situations. List the appropriate accounting principle related to each independent scenario and suggest a correct action for each .1. In August, a check for $500 was written to Community Sports. This amount represents soccer camp for his daughter Cassie.2. Bruce plans a Going Out of Business Sale for June, since he will be closing the business for a month-long vacation in July. He plans to reopen August 1 and will continue operating Buddy's Foreign Automotive indefinitely.3. Buddy received a shipment of tools from Ontario, Canada. The invoice was stated in Canadian dollars.4. Sandy Lane paid $1,500 for a major repair services. The amount was recorded as revenue.
The parts for the repair must be ordered from overseas and the service won't be complete until the following month. What will be an ideal response?
At TrueBlue, supervisors, peers, and subordinates all provide input into an employee's performance appraisal. TrueBlue uses a 360-degree evaluation.
Answer the following statement true (T) or false (F)
________ represents a debt owed for renting a building currently
A) Prepaid Rent B) Rent Payable C) Rent Revenue D) Rent Expense
Refer to the shipping costs for The Terra Cotta Company. Solve the transportation problem using Excel Solver. (Remember that in balanced transportation problems all constraints—except the non-negativity constraints of the decision variables—should be set as an equal-to (=) sign in the Excel Solver dialogue.) At the optimum solution, which of the following statements is true?
a. The shipping costs from Aberdeen to Kalamazoo are $8,112.
b. The shipping costs from Aberdeen to Kalamazoo are $1,695.
c. The shipping costs from Danbury to Navarre are $6,946.
d. The shipping costs from Danbury to Navarre are $10,908.