A promise lacks consideration if a person promises to perform an act or do something he is already under an obligation to do. this is called

Peter Lynchpin wants to sell you an investment contract that pays equal $12,100 amounts at the end of each of the next 21 years.

The latest japanese toy craze to hit the u. s. is the / 'fluffy puppy and friends,/' which is made by fluffy puppy, inc. headquartered in tokyo, japan. at the end of the year, fluffy puppy, inc. has made $556,456 in the u. s.

If the Fed decides to carry out an expansionary monetary policy because it believes aggregate demand will not increase enough to keep the economy at potential GDP, the inflation rate will most likely be lower than it would have been without the

Choose the correct statement (s) below regarding A. the direct write-off method for calculating bad debt expense. B. It is not normally consistent with GAAP and accrual accounting. C.

A (n) ___ is an inexpensive product that guards its appliances against large power spikes or surges that may infrequently occur, but does not provide protection against reduced or total loss of power.

A company has a fiscal year-end of december 31: (1) on october 1, $12,000 was paid for a one-year fire insurance policy; (2) on june 30 the company lent its chief financial officer $10,000; principal and interest at 6% are due in one year;

Marquese is making 10 pounds of trail mix from raisins and nuts. Raisins cost $3.45 per pound, and nuts cost $7.95 per pound. How many pounds of raisins and how many pounds of nuts should marquese use for the trail mix to cost him $6.96 per pound?

Ten Pins Manufacturing has 9 million shares of common stock outstanding. The current share price is $81, and the book value per share is $8. The company also has two bond issues outstanding.

The higher the price of an antique, the greater people's expectation that the object is rare. That, in turn, makes the antique appear more valuable. If the statements above are correct, then offering an antique for sale at a bargain price:

Elmer received the following distributions from Virginiana Mutual Fund for the calendar year 2019: Ordinary dividends $250 Capital gain distributions $170 Nontaxable distributions $80 Elsie, Elmer's wife, did not own any of the Virginiana Mutual