As a result of mapping the ZYX Company ERD into a relational schema, primary key of the relation EMPLOYEE will be referred to by a foreign key in the relation CUSTOMER
Indicate whether the statement is true or false
TRUE
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Referring to Figure 5.1, suppose the Mexican government imposes an import quota equal to 2 tons of steel. If foreign exporters behave as monopoly sellers, and Mexican importers behave as competitive buyers, the overall welfare loss of the quota to Mexico equals
a. $200. b. $400. c. $600. d. $800.
Under the perpetual inventory system, a physical count shows a $90.00 overage. How would the overage be entered into the journal and how would it be stated on the income statement?
a. Cost of Goods Sold would be debited $90.00 and Merchandise Inventory would be credited $90.00 with no effect of the overage being reported on the income statement. b. Inventory Short and Over would be debited $90.00 and Merchandise Inventory would be credited $90.00 and the overage would reported as an expense on the income statement. c. Merchandise Inventory would be debited $90.00 and Sales would be credited $90.00 with the revenue being reported on the income statement. d. Merchandise Inventory would be debited $90.00 and Inventory Short and Over would be credited $90.00 and the overage would be reported as other revenue on the income statement. e. Cash would be debited $90.00 and Accounts Receivable would be credited $90.00 and the overage would be reported as an expense on the income statement.
A party must try to ________ and reduce the amount that the breaching party would have to pay
Fill in the blanks with correct word
The appointment of an agent by a minor or an incompetent not under guardianship and any resulting contracts are voidable
a. True b. False Indicate whether the statement is true or false