Financial statements must be prepared directly from the general ledger
Indicate whether the statement is true or false
F
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Current thinking is that heaping undeserved praise and recognition on people is an effective strategy for boosting their self-esteem
Indicate whether the statement is true or false.
Lulene makes the best lemon meringue pies in Mississippi. So Ellen, who owns Ellen's Old Fashion Cafe, contracts with Lulene to buy 50 pies per week at the price of $5.00 per pie. Although Lulene took a class in business law, she forgot to get her agreement with Ellen in writing. Lulene and Ellen agreed during a chat. Lulene said: "I will supply you with lemon meringue pies for however long you
want them at $5.00 per pie." Ellen said: "That's great, I'll take them." Both women were pleased. Soon Lulene had a problem. Between a hurricane in Florida and brush fires in California, the price of lemons increased by 200%. Now, instead of the $5.00 per pie price she intended to charge Ellen, she feels she must charge $7.00 per pie to make a little profit. Lulene calls Ellen with the bad news and Ellen has a fit. She tells Lulene that's too bad, but the deal is off. Lulene says, "That's what you think!" and goes to see Amanda, her attorney. Assume that Ellen doesn't call the deal off when she is told the price is now $7.00, but wants to hold Lulene to the deal to supply pies at $5.00 . If Lulene fails to supply the pies, and if Ellen then sues her for a breach of contract, what is Lulene most likely to argue to avoid liability? a. sufficiency of writing b. substantial performance c. failure of a condition subsequent d. impossibility e. failure of a condition concurrent
Excel's NORM.S.INV function can be used to compute _____
a. cumulative probabilities for a standard normal z value b. the standard normal z value given a cumulative probability c. cumulative probabilities for a normally distributed x value d. the normally distributed x value given a cumulative probability
In any hypothesis test there are two possible errors, called ____________________ and ____________________
Fill in the blank(s) with correct word