On Monday, Mick puts an offer in the mail to Sheri to sell his guitar for $50 . Monday night when jamming with his buddies, he decides he will really miss his old guitar and has second thoughts about selling it. Tuesday morning he puts a revocation in the mail informing Sheri he has changed his mind and the guitar is no longer for sale. The revocation is effective on Tuesday morning
a. True
b. False
Indicate whether the statement is true or false
False
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Cold-calling is the best source of new prospects for a salesperson
Indicate whether the statement is true or false
One difference between the periodic and the perpetual inventory systems is that under the perpetual method the purchases account is not used
Indicate whether the statement is true or false
Indicate whether each of the following statements about financial statement analysis is true or false.________ a) Working capital measures a company's immediate debt-paying ability.________ b) Accounts receivable turnover is a direct measure of a company's uncollectible accounts expense.________ c) Accounts receivable turnover is calculated by using the following formula: net credit sales รท average accounts receivable.________ d) Net credit sales are comprised of sales on account plus sales returns and discounts.________ e) The amount of average receivables can be calculated using the amount of receivables shown on balance sheets for the current year and previous year.
What will be an ideal response?
When no-par stock is not assigned a stated value, the total amount received is recorded in the Common Stock account.
Answer the following statement true (T) or false (F)