What is chartism?
What will be an ideal response?
Chartists graphically record the actual trading history of an exchange rate and then try to infer possible future trends based on that information alone.
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What is a "sale on approval" contract?
What will be an ideal response?
A just-in-time operation seeks to eliminate all product support functions
Indicate whether the statement is true or false
An offer lapses upon the following except:
A) Detrimental reliance. B) Counteroffer. C) Expiration of reasonable time. D) Rejection.
A company pays each of its two office employees each Friday at the rate of $290 per day for a five-day week that begins on Monday. If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry to record the salaries earned but unpaid is:
A. Debit Salaries Payable $1160 and credit Salaries Expense $1160. B. Debit Salaries Expense $1160 and credit Cash $1160. C. Debit Unpaid Salaries $1740 and credit Salaries Payable $1740. D. Debit Salaries Expense $1740 and credit Salaries Payable $1740. E. Debit Salaries Expense $1160 and credit Salaries Payable $1160.