In the context of e-business, the term e-cash stands for ________.

A. Easy cash
B. Electronic cash
C. Export cash
D. Exchange cash


Answer: B

Business

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Juan's business delivery truck is destroyed in an accident. He paid $40,000 for the truck, and $30,000 of depreciation has been deducted during its period of use. The insurance company pays Juan $32,000 due to the accident. What is the minimum amount that Juan must spend on a new truck to avoid any gain recognition?

A. $10,000 B. $32,000 C. $40,000 D. $22,000

Business

Carey decided to incorporate her business under the name yStar Inc Before yStar was incorporated, Carey signed a contract in the name of yStar, Inc to have some office space remodeled. Which statement is correct?

a. yStar is liable on the contract because the contract was signed in its name. b. yStar becomes liable on the contract as soon as it is incorporated. c. yStar is liable on the contract if the contractor knows that the corporation does not yet exist. d. yStar will be liable on the contract only if the corporation adopts the contract.

Business

Which of the following can be the subject of copyright protection?

A) A song B) A piece of software C) A new type of computer D) Both A and B E) All of the above

Business

Ervin Company began the accounting period with $64,000 in accounts receivable. The ending balance in accounts receivable was $40,000. If the credit sales during the period were $588,000, what is the amount of cash received from customers?

A. $548,000 B. $612,000 C. $24,000 D. $564,000

Business