The creation of the idea itself is the ______________ step in the innovation process?
a. First
b. Second
c. Third
d. Fourth
a. First
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On January 1, 2016, Chain, Inc issued $400,000, 10-year, 10% bonds for $354,200 . The bonds pay interest on June 30 and December 31 . The market rate is 12%. The interest expense on the bonds at June 30, 2016, is
a. $20,000 b. $24,000 c. $21,252 d. $17,710
On January 1, 2018, Shade Landscaping borrowed $100,000 on a 15%, 10-year note with annual installment payments of $10,000 plus interest due on December 31 of each year.
Prepare the journal entry for the first installment payment made on December 31, 2018. Omit explanation.
Inferior performance is also called ________.
A. minor breach B. material breach C. complete breach D. strict breach
A contract will be discharged if supervening circumstances make it impossible to attain the purpose both parties had in mind when they made the contract
a. True b. False Indicate whether the statement is true or false