A contract to answer for the debt of another person is called a
a. contract of adhesion.
b. prenuptial agreement.
c. contract of guaranty.
d. parol contract.
C
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Exhibit 13-03 ? On January 1, 2017, Train, Inc accepted an $80,000, non-interest bearing 3 year note in exchange for equipment it sold to Steam Company. Train originally purchased the equipment for $125,000, and it had a book value of $75,000 on the date of the sale. The note was non-interest-bearing. An assumed 11% interest rate is implicit in the agreement. Actual information for 11%, three
periods, follows: ? Present value of 1 0.73119 Present value of annuity of 1 2.44371 ? ? Refer to Exhibit 13-03. What amount would Train show as the balance for Discount on Notes Receivable on December 31, 2018? A) $7,928 B) $7,142 C) $15,071 D) $64,929
Telemarketing is an example of a direct marketing method
Indicate whether the statement is true or false
The process by which management allocates funds among competing capital investment proposals is termed ________
a. capital expenditures budget b. currency exchange rates c. capital rationing d. inflation
When designed correctly, form reports save time and increase clerical accuracy over individually prepared reports
Indicate whether the statement is true or false