If the parties to a contract agree on a liquidated damages clause, this clause will always be enforced
Indicate whether the statement is true or false
false
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Answer the following statements true (T) or false (F)
1. Telecommuting has been found to enhance employee satisfaction and performance. 2. Over the past 10 years, business crime has all but disappeared, thanks to technological oversight. 3. George is developing a new employee schedule for his lawn care service due to the increase in business during the summer. While doing this, George is involved in organizing. 4. Susan, a district manager for a large retail chain, is comparing the goals of her stores with recent sales. She knows that two stores are underperforming, so she plans on meeting with those managers to discuss corrective action; this process is the controlling managerial function. 5. Martina recently met with her manager, Omari, who spent time motivating her by showing Martina how important she is to the company's success. Martina is now excited to do her part to help the company achieve its goals. Omari was performing the management function known as leading.
The indirect method of preparing a statement of cash flows
A) eliminates the need for a schedule of noncash investing and financing transactions. B) provides a different result than the direct method. C) adjusts net income for changes in current accounts. D) shows collections from customers rather than the change in Accounts Receivable.
A(n) ________ is an amount paid by the franchisee to the franchisor for the continued use of the franchisor's trade name, property, and assistance that is often computed as a percentage of the franchisee's gross sales
A) royalty fee B) assessment fee C) lease fee D) contingency fee
Uniform Supply accepted a $4,800, 90-day, 10% note from Tracy Janitorial on October 17. What entry should Uniform Supply make on January 15 of the next year when the note is paid? (Assume reversing entries are not made.) (Use 360 days a year.)
A. Debit Cash $4,920; credit Interest Revenue $100; credit Interest Receivable $20; credit Notes Receivable $4,800. B. Debit Cash $4,920; credit Notes Receivable $4,920. C. Debit Notes Receivable $4,800; debit Interest Receivable $120; credit Sales $4,920. D. Debit Cash $4,920; credit Interest Revenue $20; credit Interest Receivable $100; credit Notes Receivable $4,800. E. Debit Cash $4,920; credit Interest Revenue $120; credit Notes Receivable $4,800.