In an exchange of e-mails, Rob, a landlord, and Sam agree to a lease of a certain apartment for one year. Under the Statute of Frauds, this lease is enforceable provided

a. the e-mail is signed by the party against who enforcement is sought
b. the parties print and sign a hard copy of a document titled "Lease."
c. no one else signs a lease for the apartment before Sam moves in
d. there is outside evidence, such as security deposit, of the lease


Ans: a. the e-mail is signed by the party against who enforcement is sought

Business

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Harry has been asked to give a presentation at Hogwarts School. During the talk, he sees his friend Ron scratching his head, and Harry takes that to mean Ron is sending him a nonverbal message. Even though Ron meant nothing by the gesture, this scenario is an example of the notion that ______.

A. you cannot communicate B. nonverbal communication complements verbal C. it’s not what you say, it’s how you say it D. a message is a message is a message

Business

IFRS permits the presentation of plant assets at their fair market value because ________.

A) U. S. GAAP requires this presentation B) fair market value may be more relevant C) fair market value is easier to compute than book value D) financial statements users are indifferent as to how plant assets are presented

Business

Refer to the following selected financial information from Texas Electronics. Compute the company's days' sales in inventory for Year 2. (Use 365 days a year.) Year 2 Year 1Cash$37,500 $36,850 Short-term investments 90,000  90,000 Accounts receivable, net 85,500  86,250 Merchandise inventory 121,000  117,000 Prepaid expenses 12,100  13,500 Plant assets 388,000  392,000 Accounts payable 113,400  111,750 Net sales 711,000  706,000 Cost of goods sold 390,000  385,500 

A. 42.3. B. 46.2. C. 113.2. D. 80.0. E. 43.9.

Business

In a recognizance, a party agrees to pay a specified sum of money if another party does not pay it.

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

Business