The ________ rule permits certain open terms to be "read into" a sales or lease contract.
A. firm offer
B. mirror-image
C. parol evidence
D. gap-filling
Answer: D
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"Matching principle" is best described as:
A) the principle that a revenue should be recorded when a resource has been earned. B) an increase in resources resulting from the sale of goods or the provision of services. C) the principle that expenses should be recorded in the period resources are used to generate revenues. D) an increase in the financing activities.
When a T-shirt manufacturer states, "Customers can have any color T-shirt they want, so long as it's black," it is reflecting a view that was popular in which era of the marketing evolution?
A. sales-oriented B. value-based marketing C. market-oriented D. production-oriented E. economics-oriented
Gwen uses a process that identifies links or connections between apparently unrelated things or events to create new ideas and opportunities. Gwen uses which of the following?
a. relationship-seeking strategies b. pattern recognition c. prior knowledge d. interpersonal strategies
Suminski Flooring Company buys a building for $115,000, paying $30,000 cash and signing a 30-year mortgage note for $85,000 at 11% annual interest
The payment will be made in equal monthly installments of $809. Prepare the journal entry for the first monthly payment. (Round your answers to the nearest whole dollar number.) What will be an ideal response