Every transaction recorded in the cash receipts journal includes a ________.
A) credit to Cash
B) debit to Accounts Receivable
C) credit to Accounts Receivable
D) debit to Cash
D) debit to Cash
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Which of the following is an example of an exculpatory clause?
a. Creditor charges 38% interest on a loan. b. Seller is not responsible for property damage regardless of the cause of the injury. c. Buyer agrees to pay any costs of litigation. d. Employee agrees to never work for a competing company.
Your friends just told you that they were denied a mortgage by their bank. The loan officer told them that they did not pass the 36 percent rule. They are confused and want you to explain what happened?
A) The house you were looking at was more expensive than you can comfortably afford. B) You need to come up with a larger down payment. C) You pay too much in other debt payments every month. D) All of the above could be correct. E) None of the above could be correct.
With reference to #2, suppose A has died. B: A) Is a joint tenant of 2/3 of the property
B) Is a tenant in common with 2/3 of the property. C) Is a tenant in common with ½ of the property. D) None of the above
____ set their own goals and inspect their own work, often hire their own replacements and prepare their own budgets
a) Virtual teams b) Enlarged teams c) Socio-technical teams d) Self-managed teams