A seller's employees go on strike, is this a commercial impossibility a valid legal excuse for not performing under a sales contract
Indicate whether the statement is true or false
False
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What is a blind copy of a purchase order and what is its purpose?
Assume that a company recorded the following journal entry:Salaries Expense2,500?Cash?2,500Indicate whether each of the following statements is true or false with regards to the impact of this journal entry.________ a) Cash decreases________ b) Total assets decrease________ c) Liabilities decrease________ d) Cash flows from operating activities increase________ e) Net income decreases
What will be an ideal response?
Pizza Now!, a delivery, dine-in, or takeout restaurant, buys a delivery vehicle on credit from Quality Auto & Truck Dealers Corporation, but does not make a payment on the loan for sev¬eral months. Quality Auto repossesses the vehicle by towing it from a pub¬lic street. Pizza Now! suesQuality Auto for breach of the peace. Pizza Now! will probably
a. not prevail, because Quality Auto did not use judicial process. b. not prevail, because the repossession was not a breach of the peace. c. prevail, because Pizza Now! did not default on the loan. d. prevail, because the repossession was a breach of the peace.
Which of the following best describes the availability float?
A) how long it takes the firm to process the check and deposit it in the bank B) how long it takes before the bank gives the firm credit for the funds C) how long it takes before payments to suppliers actually result in a cash outflow for the firm D) how long it takes for a firm to be able to use funds after a customer has paid for its goods