The principal's ratification of a contract can be implied from his conduct,even if the principal says nothing to ratify.

A parcel of land is offered for sale at $600,000,is assessed for tax purposes at $500,000,is recognized by its purchasers as easily being worth $575,000,and is sold for $570,000.At what amount should the land be recorded in the purchaser's books? What accounting principle supports your answer?

What channel and medium combination is used in the majority of business communication efforts?

A) Visual medium,print channel
B) Written medium,digital channel
C) Visual medium,digital channel
D) Written medium,print channel
E) Oral medium,digital channel

XYZ Bank pays a check that contains a restrictive indorsement "for collection." This indicates that:

A) the bank has paid the check illegally.
B) the bank has not acted in good faith.
C) the bank was negligent with the payment of the check.
D) the bank has converted the check.

Repeated games may involve either simultaneous or sequential decision making.

A method that uses average gross profit rate and net sales to compute inventory is:

A) the retail method.
B) the gross profit method.
C) the weighted-average method.
D) None of these answers is correct.