When Wilson finished painting Bryan's house, Bryan paid her the agreed price. The contract was discharged by
a. accord and satisfaction.
b. novation.
c. full performance.
d. mutual agreement.
C
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An internal control questionnaire indicates that an approved receiving report is required to accompany every check request for payment of merchandise. Which of the following procedures provides the greatest assurance that this control is operating effectively?
A. Select and examine receiving reports and ascertain that the related canceled checks are dated no earlier than the receiving reports. B. Select and examine canceled checks and ascertain that the related receiving reports are dated no earlier than the checks. C. Select and examine receiving reports and ascertain that the related canceled checks are dated no later than the receiving reports. D. Select and examine canceled checks and ascertain that the related receiving reports are dated no later than the checks.
When testing for the differences between two averages the s1 in the formula stands for:
A) the size of sample 1 B) survey 1 C) the average of sample 1 D) standard deviation of sample 1 E) standard error of sample 100
In order for the break-even computation to be meaningful to management, sales mix should be computed using the
A) expected mix B) most desirable mix C) least desirable mix D) traditional mix E) average mix over the past 5 years
Under the Uniform Commercial Code, when the minor has sold goods and the buyer has resold them to a good faith purchaser for value:
a. the minor can disaffirm and recover the property. b. both the purchaser from the minor and the good faith purchaser for value acquire legal title. c. the good faith purchaser for value acquires legal title. d. the good faith purchaser for value receives a voidable title.