Modification to a sales or lease contract is binding even if it is made under duress
Indicate whether the statement is true or false
FALSE
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York Merchandising Company uses a perpetual inventory system. At the end of the accounting period, a physical count of merchandise inventory reveals a balance of $76,500. The books show a balance of $78,200.
(a) Prepare the adjusting entry. Omit explanation. (b) Discuss the possible causes for the difference between the physical count and the balance in the books. (c) How does this affect net income?
Your bank account pays an 8% nominal rate of interest. The interest is compounded quarterly. Which of the following statements is CORRECT?
A. The periodic rate of interest is 8% and the effective rate of interest is also 8%. B. The periodic rate of interest is 2% and the effective rate of interest is 4%. C. The periodic rate of interest is 8% and the effective rate of interest is greater than 8%. D. The periodic rate of interest is 4% and the effective rate of interest is less than 8%. E. The periodic rate of interest is 2% and the effective rate of interest is greater than 8%.
Sigmund Freud assumed that the psychological forces shaping people's behavior are largely unconscious, and that people cannot fully understand their motivations
Indicate whether the statement is true or false
Tony, a vice president of the St. Louis One Gateway Credit Union, decided to measure customers' perceptions of the service quality of the credit union. He chose to use the SERVQUAL scale because it included the ________ component, which involves the knowledge and courtesy of employees, as well as their ability to convey trust and confidence.
A. empathy B. creativity C. responsiveness D. assurance E. reliability