Generally, an offer to create a unilateral contract can be revoked by the offeror any time prior to the offeree's performance of the requested act. However, the offer cannot be revoked if ________.
A. the offeror originally published the offer in a newspaper of general circulation
B. the offeror has not been informed that anyone is interested
C. the offeree has told others that he/she plans on accepting the offer
D. the offeree has begun or has substantially completed performance
Answer: D
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JNC Company structured an income-generating transaction so that the income and cash flow shifted to Juno Inc. Presuming that JNC makes rational decisions, which of the following statements is false?
A. The income shift should increase the NPV of the transaction. B. JNC and Juno must be related parties that share a mutual economic interest. C. JNC's marginal tax rate is higher than Juno's marginal tax rate. D. None of the above is false.
During 2016, a company wrote off $7,500 in uncollectible accounts receivable. At the end of the year, bad debt expense was estimated using a percent of gross sales. In 2017, the company collected $1,500 from an account that was written off in 2016. Recording this collection would include
A) a debit to Retained Earnings. B) a credit to Allowance for Doubtful Accounts. C) a decrease to gross receivables. D) an increase to net receivables.
Goleman suggests that emotional intelligence is a set of ______.
A. ethical and emotional competencies B. social and perceptual competencies C. personal and social competencies D. cognitive and expressive competencies
Profitability is the ability to pay bills when due and to meet unexpected needs for cash
Indicate whether the statement is true or false