One effect of recognizing depreciation is to decrease net income
a. True
b. False
Indicate whether the statement is true or false
True
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Newt, a gun dealer, offers to sell a rare civil war musket to Rush, another dealer, for "$15,000, insurance and shipping paid by buyer." Rush responds, "I accept. Insurance and shipping costs divided equally between seller and buyer." The parties:
a. do not have a contract since the acceptance violated the mirror image rule. b. do not have a contract since Rush's response was a counteroffer. c. have a contact and, in the majority of states, the terms of the offeree control. d. have a contract and, in the majority of states, the different terms will cancel each other out.
Helene, a disabled person, applies for a job at Industrial Engineering Applications Inc for which she is well quali¬fied, but for which she is rejected. Industrial Engineering continues to seek applicants and eventually fills the posi¬tion with a person who is not disabled. Heleneis most likely to succeed in a suit against Industrial Engineering for discrimination under the Americans with
Disabilities Act of 1990 if she can show that a. she was not hired solely because of her disabil¬ity. b. she can function well with corrective devices or on medication. c. her disability causes her undue hardship. d. she could not perform the job even with reasonable accommodation.
Ethical lapses involve gradual decision processes
Indicate whether the statement is true or false
The cash budget can be used to provide an estimate of the firm's future financing needs
Indicate whether the statement is true or false