Personal property so firmly attached to real property that an interest in it arises under real property law is known as a(n):
a. fixture.
b. tangible property.
c. intangible property.
d. None of these.
a
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The documentation with the bank statement shows a debit memo for bank service charges. Based on this, what possible entry would be made in the company's accounts?
a. debit Miscellaneous Administrative Expense; credit Cash b. debit Cash; credit Other Income c. debit Cash; credit Accounts Payable d. debit Accounts Payable; credit Cash
Garrett was impressed with the service he received at a local wine store. He thought the salesperson was attentive and knowledgeable. His friend Juanita, who was with him and is very knowledgeable about wine, thought the salesperson was pushy and not well informed. What does this example suggest about customers' service expectations?
What will be an ideal response?
A product is currently made in a process-focused shop, where fixed costs are $8,000 per year and variable cost is $40 per unit. The firm currently sells 200 units of the product at $200 per unit
A manager is considering a repetitive focus to lower costs (and lower prices, thus raising demand). The costs of this proposed shop are fixed costs = $24,000 per year and variable costs = $10 per unit. If a price of $80 will allow 400 units to be sold, what profit (or loss) can this proposed new process expect? Do you anticipate that the manager will want to change the process? Explain.
A(n) ____________________ is a legally binding agreement between two or more competent parties
Fill in the blank(s) with correct word