Stefani and Tyler agree in an exchange of e-mail to form a partnership to buy and sell real property. Their partnership agreement is legally binding?
A) only if a copy of the agreement is filed in the appropriate state office
B) only if the agreement is printed in hard copy and signed by the parties.
C) only if the parties exchange valid consideration.
D) without more.
D
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What is the proper adjusting entry at December 31, the end of the accounting period, if the balance in the prepaid insurance account is $7,750 before adjustment, and the unexpired amount per analysis of policies is $3,250?
A. Debit Insurance Expense, $7,750; credit Prepaid Insurance, $7,750. B. Debit Cash, $7,750; Credit Prepaid Insurance, $7,750. C. Debit Insurance Expense, $4,500; credit Prepaid Insurance, $4,500. D. Debit Insurance Expense, $3,250; credit Prepaid Insurance, $3,250. E. Debit Prepaid Insurance, $4,500; credit Insurance Expense, $4,500.
An understatement of ending inventory in a period will result in an overstatement of gross margin in the next period
Indicate whether the statement is true or false
Calculating competitive strength ratings for a company and its rivals using the industry's most telling measures of competitive strength or weakness
A. is a way of determining which competitor has the highest overall competitive advantage in the marketplace and which competitor is faced with the lowest overall competitive disadvantage. B. is the most reliable indicator of which industry member has the lowest overall costs and is the low-cost leader. C. is the most reliable indicator of which industry member has the highest overall product quality. D. pinpoints which industry rivals are most insulated from the industry's driving forces. E. is a powerful way of revealing which competitors are in the best and worst strategic groups.
A random sample of nine telephone calls in an office provided the following information. Call Number Duration(In Minutes) Type of Call 1 3 local 2 8 long distance 3 4 local 4 3 local 5 5 long distance 6 6 local 7 3 local 8 5 local 9 8 local ? a.Determine the point estimate for the average duration of all calls.b.What is the point estimate for the standard deviation of the population?c.Determine the standard error of the mean.d.What is the point estimate for the proportion of all calls that were long distance?e.Determine the standard error of proportion.
What will be an ideal response?