A new store location being announced in an advertisement is an example of a reminder advertisement
Indicate whether the statement is true or false
False
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Carswell, a contractor, enters into a contract with Helen, a homeowner, to remodel her bathroom. The contract provides a specific completion date. The contract provides that if Carswell does not have the job finished by the date, Helen may deduct $200 per day from the contract price until the job is finished. This is an example of liquidated damages
a. True b. False Indicate whether the statement is true or false
Which of the following would be included in the journal entry to record the payment of sales tax payable?
A) a debit to Sales Tax Payable B) a credit to Sales Tax Expense C) a debit to Sales Tax Expense D) a credit to Sales Tax Payable
A company keeps track of unit sales and notes a strong trend during the past eight periods. They use an adjusted exponential smoothing model with an alpha equal to 0.7 and a beta equal to 0.6
Using the demand data and previous forecasts shown in the table, develop a forecast for period 4. Week # Units Unadjusted Forecast Trend Adjusted Forecast 1 68 65.0 0.0 65.0 2 72 67.1 1.3 68.4 3 80 4 93 5 108 6 121 7 125 8 139 A) 82.2 B) 84.9 C) 87.5 D) 91.6
Cheryl buys a life insurance policy with a two-year incontestable clause, and dies three years later. When she dies, her insurer discovers that she lied on application for coverage about her diabetes. What will happen?
A) The insurer will pay the claim. B) The insurer will void the policy and not pay the claim because Cheryl made a material misrepresentation on her application. C) The insurer will void the policy and not pay the claim based on the principle of indemnity. D) Both B and C above