Generally, misdemeanors are more serious than felonies
Indicate whether the statement is true or false
False
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Owens Jewelers uses the perpetual inventory system. On April 2, Owens sold merchandise with a cost of $2,500 for $7,000 to a customer on account with terms of 2/15, n/30. Which of the following journal entries correctly records the sales revenue?
A) Sales Revenue 7,000 Accounts Receivable 7,000 B) Sales Revenue 7,000 Cost of Goods Sold 7,000 C) Accounts Receivable 2,500 Sales Revenue 2,500 D) Accounts Receivable 7,000 Sales Revenue 7,000
The management of Minstrel Magik, an event management company, ensures to use gender-neutral language in its emails to both customers and employees. In the given scenario, it can be inferred that the management follows the business communication guideline of _____.
A. avoiding bias B. avoiding slang C. analyzing one's audience D. being concise
Liz agrees to cook 20 dinners for Brian, and in exchange, Brian will repair all of the plumbing in Liz's house. Liz and Brian's ‘deal' has: A) insufficient consideration, because cooking twenty dinners is not worth as much as repairing all of the plumbing in Liz's house
B) insufficient consideration, because this kind of bargain is against public policy. C) insufficient consideration, because there is a clear lack of any bargain. D) sufficient consideration, because Liz has promised something of value.
A mortgage is a contractual or equitable lien
Indicate whether the statement is true or false