Which of the following contracts is required to be in writing under the Statute of Frauds?

A) A contract for the purchase of a second-hand piece of home furniture from a consumer by
a consumer in the amount of $600
B) A contract for the sale of one piece of business equipment costing $700
C) A contract for the sale of two pieces of business equipment costing $300 each
D) A and B only
E) A, B, and C


E

Business

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Scheduling a special luncheon to celebrate the closing of a large sale is a technique most likely characteristic of a supervisor who displays:

A) high structure and high consideration B) high structure and low consideration C) low structure and low consideration D) self-expression tendencies E) high task orientation

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Marketers find social news sites useful for promoting campaigns, creating conversations around related issues, and building Web site traffic

Indicate whether the statement is true or false a. True b. False

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Obtaining consistent results regardless of the job analysis method used is a measure of:

A. validity B. acceptability C. reliability D. flexibility E. administration

Business

The changes in Northrup Corporation's balance sheet account balances for last year appear below: Increases (Decreases)Asset and Contra-Asset Accounts:   Cash and cash equivalents$4,000 Accounts receivable$(4,000)Inventory$(2,000)??Prepaid expenses$2,000 Long-term investments$40,000 Property, plant and equipment$25,000 Accumulated depreciation$68,000 Liability and Equity Accounts:   Accounts payable$(6,000)Accrued liabilities$8,000 Income taxes payable$(8,000)Bonds payable$(70,000)Common stock$10,000 Retained earnings$63,000 The company's income statement for the year appears below:Income Statement?Sales$980,000Cost of goods sold   540,000Gross margin 440,000Selling and administrative expense  310,000Net operating income130,000Income taxes  39,000Net

income  $91,000The company declared and paid $28,000 in cash dividends during the year. It did not dispose of any property, plant, and equipment during the year. The company uses the direct method to determine the net cash provided by (used in) operating activities.On the statement of cash flows, the selling and administrative expense adjusted to a cash basis would be: A. $384,000 B. $236,000 C. $310,000 D. $304,000

Business