Commercial leases need not be in writing to be enforceable

Indicate whether the statement is true or false


True

Business

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Myron, Inc. manufactures and sells computer monitors with a three-year warranty. Warranty costs are expected to average 7% of sales during the warranty period. The following table shows the sales and actual warranty payments during the first two years of operations:

2016 Sales: $500,000 Warranty Payments: $4,500 2017 Sales: $800,000 Warranty Payments: $40,000 Based on these facts, what amount of warranty liability should Myron, Inc., report on its balance sheet at December 31, 2017? A) $59,500 B) $$46,500 C) $87,500 D) $91,000

Business

In a family law matter, the initial pleading filed by the petitioner is called the

What will be an ideal response?

Business

What are the two basic methods for obtaining primary information about customers?

A. questioning and observing B. Internet search and library search C. intranet and data from private research organizations D. marketing information systems and cost data E. defining and analyzing

Business

The first step in finding the value of a bond is to

A) discount back the cash flows using an interest rate that represents the yield available on other bonds of like risk and maturity. B) identify the cash flows the holder of the bond will receive. C) contact the holder of the bond. D) none of the above.

Business