To run with the land, a restrictive covenant must involve promises that are enforceable under the law of contracts
a. True
b. False
Indicate whether the statement is true or false
True
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Underapplied overhead is adjusted on the work sheet by debiting Factory Overhead and crediting Cost of Goods Sold
Indicate whether the statement is true or false
Which is true about Service Level Agreements (SLAs)?
A. They ensure that both the service desk and its customers understand their responsibilities, and they describe how service performance is to be measured. B. They should be simple, one to two page documents. If not, customers and IT staff will not take the time to fully read and comprehend them. C. They are typically used to measure the performance of a service desk; other measures are used to measure the performance of the entire IT department. D. They typically do not measure IT service characteristics such as security or availability, as these characteristics are measured by the security and availability teams.
The following accounts were taken from the Adjusted Trial Balance columns of the work sheet: Accumulated Depreciation $ 2,300 Fees Earned 14,700 Depreciation Expense 1,300 Insurance Expense 200 Prepaid Insurance 4,800 Supplies 900 Supplies Expenses 3,800 Net income for the period is
A) $1,400 B) $9,400 C) $14,700 D) $7,100
Which of the following makes an offer effective?
A. when the offeror makes the proposal B. when it reaches the offeree C. when it mentions a fixed price for the goods D. when it is addressed to the public