A company's ledger accounts and their end-of-period balances before closing entries are posted are shown below. What amount will be posted to Retained earnings in the process of closing the Income Summary account? (Assume all accounts have normal balances.)

A tenancy for years will automatically renew if no notice is given by the tenant or landlord of intention to terminate the lease.

Answer the following statement true (T) or false (F)

Explain the concept of buying situation segmentation.

What will be an ideal response?

Juan owns a house in a poor area of a large city. A salesman visits his home, selling aluminum

siding. Juan buys and signs a contract, which calls for a price of $25,000 to be paid in monthly installments of $500 for 20 years. Juan only earns $700 per month. In addition, Juan's home is only worth about $35,000. The aluminum siding put on is worth no more than $1,500. Juan speaks and reads very little English and Juan thought he was signing a receipt for a free gift. Which of the following best describes this contract? A) The contract is fully enforceable as written. B) The contract is unenforceable because it is illusory. C) The contract is unenforceable because it is unconscionable. D) The contract is unenforceable because it is exculpatory.

MTBF measures the average:

A) calendar time between failures. B) operating time between failures. C) number of failures per unit time. D) number of operations between failures. E) downtime per breakdown.