An agreement is created when the offeree receives the offer
Indicate whether the statement is true or false
FALSE
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The most significant award for Denny’s achievements came from ______.
a. Family Digest magazine b. Latina Style magazine c. Fortune magazine d. Asian Enterprise magazine
Haupt Inc. manufacturers water pumps. Each pump requires $155 of raw materials and $315 of conversion costs. Each pump is sold for $725. Last month Haupt produced and sold 69 pumps. The journal entry to apply conversion costs to production would include:
A. Credit to sales of $21,735. B. Debit to cost of goods sold of $31,735. C. Debit to work in process inventory of $21,735. D. Credit to work in process inventory of $21,735. E. Debit to accounts payable of $31,735.
Another term for entrepreneurial profit is accounting profit
Indicate whether the statement is true or false
If the parties to a sale under the UCC do not specify when the title to the goods passes, then, assuming goods have to be shipped, title passes to the buyer when:
a. the buyer sends full payment b. the seller completes all obligations regarding delivery c. the buyer inspects the goods d. the buyer makes "substantial" payment e. any of the other choices