May tries to start her new car with no success. She yells that she will sell the car to anyone for $10. Nick, a passerby who owns Nick's Pre-owned Autos, hands May $10. This is?
A) a valid acceptance because May is seriously frustrated
B) ??a valid acceptance because Nick is a car dealer.
C) ?not a valid acceptance because May does not seriously intend to sell.
D) ?not a valid acceptance because Nick is a car dealer.
C
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Lincoln Corp received advance payments from customers during 2016 of $10,000 . At December 31, 2016, $1,000 of the advance payments still had not been earned. After the adjustments are recorded and posted at December 31, 2016, the balances in the Unearned Service Revenue and Service Revenue accounts will be Unearned Service Revenue Service Revenue
a. $ 1,000 $ 9,000 b. $ 1,000 $10,000 c. $11,000 $ 1,000 d. $ 9,000 $10,000
Under the_____________inventory system, the inventory account is updated after each purchase or sale
Fill in the blank(s) with correct word
Cara was enthusiastic about the new decision technique being used at her office. Everyone gathered in a room with their computers and typed responses anonymously. These appeared on the screen in the front of the room. Cara felt comfortable participating fully even though she was new to the company, and by the great number of comments, it seemed that everyone else did, too. Cara participated in
A. the Delphi technique. B. collaborative management. C. a group-driven computer-aided system. D. a chauffeur-driven computer aided system. E. brainstorming.
Which of the following statements does not describe an essential characteristic of a liability?
A) A liability is a present obligation that will be settled by a probable future transfer or use of assets. B) The obligated entity has little or no discretion to avoid the future sacrifice. C) The identity of the recipient must be known to the obligated party. D) The transaction or event obligating the enterprise has already occurred.