Micki offered to sell her toboggan to Kevin for $30 . Kevin replied, "I will buy the toboggan for $25." Kevin's response terminates Micki's offer
Indicate whether the statement is true or false
true
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The balance in Locksome Company's accounts payable account at December 31 . 2014, was $1,100,000 before considering the following information: • Goods shipped FOB shipping point on December 20, 2014, from a vendor to Locksome were lost in transit. The invoice cost of $20,000 was not recorded by Locksome. On January 6, 2015, Locksome filed a $20,000 claim against the common carrier. • On
December 27, 2014, a vendor authorized Locksome to return, for full credit, goods shipped and billed at $35,000 on December 2, 2014 . The returned goods were shipped by Locksome on December 27, 2014 . A $35,000 credit memo was received and recorded by Locksome on January 6, 2015. What amount should Locksome report as accounts payable in its December 31 . 2014, balance sheet? a. $1,120,000 b. $1,115,000 c. $1,085,000 d. $1,065,000
The business or person upon whose account a check is drawn is called:
a. the payee. b. the drawer. c. the drawee. d. the bank. e. none of the above.
An example of a derivative security is
A. a common share of Microsoft. B. a call option on Intel stock. C. a commodity futures contract. D. a call option on Intel stock and a commodity futures contract. E. a common share of Microsoft and a call option on Intel stock.
Asked to describe what was most meaningful about his job at the senior citizen center, Marc answered, "I make a difference every day to the lives of elderly people in our community." This is an example of which element of the job characteristics model?
What will be an ideal response?