While Holt was out of town, Wills took care of Holt's garden. When Holt returned, she promised to pay Wills $75 . Is Holt's promise enforceable? Explain
No. Holt's promise to pay Wills $75 is past consideration, which is not adequate for a valid, enforceable contract.
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In the future, spend management will continue to increase in flexibility and analytics will be more easily implemented - companies will be less challenged by the need to perform setup data cleansing
Indicate whether the statement is true or false
Talgedco Inc, a software company, has taken several steps to secure its systems and data.The company has also installed a network intrusion detection system and data loss preventionsystem
Employees of this company have also been trained on the procedures to be followed toreduce the probability of a data breach. These steps taken by Talgedco are an example of________.A) attack vectors B) countermeasures C) malware D) exfiltration
Outdoor World experienced the following business events during its first year of operation. The company uses a perpetual inventory system.1) Purchased merchandise on account for $170,000.2) Sold inventory costing $124,000 for $208,000 on account.3) Paid transportation-out cost of $7,000 on goods sold.4) Paid operating expenses of $55,200.5) Sold land for $45,400 that had cost $50,000.6) A count of the inventory revealed that there was $45,800 of inventory on hand at the end of Year 1.Required:a) What was Outdoor World's net income for Year 1?b) What was the gross margin and the gross margin percent for Year 1?c) What amount of inventory will be reported on the balance sheet for December 31, Year 1?d) Prepare a multistep income statement for Year 1.
What will be an ideal response?
The European Parliament is primarily a consultative rather than legislative body.
a. true b. false