What is the seasonal index for the third quarter? (Round to the nearest hundredth.)
The following data represents quarterly sales of lawnmowers.
Year Quarter 1 Quarter 2 Quarter 3 Quarter 4
1 150 140 190 165
2 160 148 210 175
A) .20
B) .22
C) .26
D) .30
Answer: D
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What is the major difference between the Unadjusted Trial Balance and the Adjusted Trial Balance?
A) The Adjusted Trial Balance will show the net income (loss) as an additional account. B) Both will need to be in balance in order to continue with the end-of-period processing C) The Adjusted Trial Balance includes the postings of the adjustments for the period in the balance of the accounts. D) The Unadjusted Trial Balance will be used to record the adjustments for the period.
Which of the following is true of consideration for modifying a sales or lease contract under the Uniform Commercial Code?
A) An agreement modifying a contract needs no consideration to be binding. B) Modifying a contract requires consideration from the offeree's side. C) An offeror who modifies a contract must do so by providing reasonable consideration. D) The party providing the consideration must complete it within three months of acceptance.
The Bennis article on competencies that determine a project leader's success indicates that it is crucial to continually remind the team:
A) What the deadline is. B) What is important. C) Who their leader is. D) Who the customer is.
A treaty is said to be self-executing when it does not need to be ratified
Indicate whether the statement is true or false