GC
Giovanni Chermont
Answers (6)
GC
Answered
"We" should never be used in a business situation because it focuses on the writer not the reader,thus making the reader feel excluded.
On Jul 14, 2024
False
GC
Answered
Define "course of dealing" and "course of performance" and how these concepts affect the perfect tender rule.
On Jul 11, 2024
Uniform Commercial Code Section 1-205(1)defines course of dealing as previous commercial transactions between the same parties.Under Uniform Commercial Code Section 2-208(1),course of performance refers to the history of dealings between the parties in the particular contract at issue.When the buyer alleges that goods failed to conform to contract specifications,the Uniform Commercial Code requires that courts consider the ideas of course of dealing and course of performance in resolving any dispute.
GC
Answered
A lower equilibrium interest rate:
A) increases saving,reduces total spending,and increases total output.
B) decreases saving,increases total spending,and decreases total output.
C) increases investment,increases total spending,and increases total output.
D) decreases investment,decreases total spending,and increases total output.
A) increases saving,reduces total spending,and increases total output.
B) decreases saving,increases total spending,and decreases total output.
C) increases investment,increases total spending,and increases total output.
D) decreases investment,decreases total spending,and increases total output.
On Jun 14, 2024
C
GC
Answered
If the demand for sardines increases as income decreases, sardines are a(n)
A) normal good.
B) inferior good.
C) substitute good.
D) complementary good.
A) normal good.
B) inferior good.
C) substitute good.
D) complementary good.
On Jun 11, 2024
B
GC
Answered
The plaintiff must prove that the defendant's negligent conduct proximately caused harm to a legally protected interest in order to have a valid negligence action.
On May 15, 2024
True
GC
Answered
All of the following statements regarding the allowance method are true except:
A) The allowance method estimates bad debts expense at the end of each accounting period and records it with an adjusting entry.
B) The Allowance for Doubtful Accounts is a contra asset account.
C) The Allowance for Doubtful Accounts is subtracted from Accounts Receivable to report receivables at realizable value.
D) The allowance method does not record bad debt expense until a customer's account receivable is determined to be uncollectible.
E) The write-off an uncollectible account does not impact the income statement.
A) The allowance method estimates bad debts expense at the end of each accounting period and records it with an adjusting entry.
B) The Allowance for Doubtful Accounts is a contra asset account.
C) The Allowance for Doubtful Accounts is subtracted from Accounts Receivable to report receivables at realizable value.
D) The allowance method does not record bad debt expense until a customer's account receivable is determined to be uncollectible.
E) The write-off an uncollectible account does not impact the income statement.
On May 12, 2024
D