When is it advantageous to rent instead of buy?
What will be an ideal response?
Answer: Renting is a good plan when you plan to stay in the house less than three years. If your job situation is not stable and you dislike the hassle of buying and selling, this may be the thing for you to do. Also, if you do not have a down payment saved up, you have no other choice.
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Legacy systems are older systems that organizations decide to continue to use because the investment in a new system would not justify the improved features or because the old systems have some advantage that cannot be obtained from newer systems.
Answer the following statement true (T) or false (F)
Which of the following statements is true of the Uniform Commercial Code about acceptance by shipment?
A. It specifically says that an order requesting "current" shipment of goods impliedly refuses acceptance. B. It says that a seller who ships "nonconforming goods" has accepted the contract if the seller reasonably notifies the buyer that such a shipment is intended as an "accommodation" to the buyer. C. It forces the seller to give the buyer timely notice of his inability to fill an order. D. It says that a seller who ships "nonconforming goods" has failed to breach a contract.
The selling and administrative expense budget is typically separated into variable and fixed cost components
Indicate whether the statement is true or false
Use this information to answer the following question. Panadora Company has the following information for the pay period of January 1-15, 2014. Payment occurs on January 20. Gross payroll $32,000 Federal income taxes withheld $3,600 Social security and Medicare rate 7.65% Federal unemployment tax rate 0.8% State unemployment tax rate 5.4% The entry to record the payroll would include a
A) debit to Salaries Payable for the net amount. B) credit to State Unemployment Tax Payable. C) debit to Salaries Expense for the amount paid to the employees. D) debit to Salaries Expense for the gross payroll.