If a buyer materially breaches the contract, the seller may not cancel the contract until it notifies the buyer.?
Indicate whether the statement is true or false
False
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A law firm collected $3200 on account for work performed in the previous month. Which of the following general journal entries will the firm make to record this collection of cash?
A. Debit Accounts Receivable, $3200; credit Unearned Legal Fees Revenue, $3200. B. Debit Accounts Receivable, $3200; credit Legal Fees Revenue, $3200. C. Debit Cash, $3200; credit Accounts Receivable, $3200. D. Debit Legal Fees Revenue, $3200; credit Accounts Receivable, $3200. E. Debit Cash, $3200; credit Unearned Legal Fees Revenue, $3200.
A persuasive email message to promote pop-up ad blocker software has as its central selling point the protection of children from pornography. The central selling point should
a. appear early in the message when the product is introduced. b. appear at the end to reinforce the requested action. c. be reinforced throughout the message. d. be implied as the product is described.
A ________ is often used to illustrate the position of a firm's products or brands in consumers' minds.
A. psychographic profile B. mass marketing analysis C. perceptual map D. Tapestry analysis E. loyalty timeline
In the context of the capital structure of a firm, which of the following statements is true of equity financing?
A. It is less flexible than debt financing. B. It is less risky than debt financing. C. It requires firms to agree to burdensome covenants. D. It yields the same tax benefits as debt financing.