Freight-In is treated as a deduction in the cost of goods sold section of the income statement
Indicate whether the statement is true or false
F
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Why does an illusory contract lack consideration?
A. because the consideration promised is unlawful and therefore void B. because the person promises to perform an act or do something he is already under an obligation to do C. because one or both of the parties can choose not to perform their contractual obligations D. because the compensation paid is for work done in the past
An intrinsic reward is
A. the personal satisfaction that comes directly from performing a task. B. a compensation that is extraneous to the task accomplished. C. determined solely by the Pygmalion effect. D. only achievable when money is not a motivator.
A credit union uses an MIS to effectively record a large volume of routine payments and deposits. The type of MIS that the bank uses is a(n) ________ system.
A. expert B. executive support C. transaction-processing D. artificial intelligence E. decision support
Morgan bought the following: 27 Wren Houses @ $12.00, 31 Bluebird Houses @ $21.50, and 17 Bird Feeders @ $19.75. The shipping charges were $68.00. What was the total invoice charge?
A) $2,214.50 B) $1,587.50 C) $1,394.25 D) $1,590.00