Lynn offers to sell his house to Dennis for $95,000. Dennis responds, "I will pay you $95,000 if you will paint the second floor." This response could best be described as:
A) an acceptance.
B) a counteroffer.
C) a rejection.
D) an invitation.
B
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Identify whether the following tests are substantive analytical procedures, tests of details of transactions, or tests of details of account balances.1) Trace a sample of payroll checks to the master employee list to verify occurrence.2) Recalculate the mathematical accuracy of a sample of payroll checks.3) Test a sample of bank reconciliations for the payroll bank account.4) Estimate sales commissions by applying commission formulas to recorded sales totals.5) Compare amounts accrued to supporting documentation, such as payroll tax returns.6) Compare payroll costs as a percentage of sales to industry data.
What will be an ideal response?
________ gives products the appearance of being more environmentally friendly without living up to that promise
A) Ambush marketing B) Greenwashing C) Astroturfing D) Viral marketing E) Green politics
Under which type of geographic pricing strategy does each customer take responsibility for the freight charges for the product from the factory to its destination?
A) zone pricing B) basing-point pricing C) uniform-delivered pricing D) dynamic pricing E) FOB-origin pricing
The consolidated income statement shows
a. all of the parent's and the subsidiary's revenues less all of the parent's and the subsidiary's expenses, plus or minus intercompany sales, expenses, gains, and losses, which equals consolidated income. b. the portion of this consolidated income to which the noncontrolling shareholders have a claim, typically an amount equal to the subsidiary's net income multiplied by the noncontrolling shareholders' ownership percentage. c. the portion of this consolidated income to which the parent company shareholders have a claim. d. all of the above e. none of the above