What makes a contract different from an agreement?

-A contract is legally binding.

-Both parties must agree on a contract.

-Only agreements are written down.

-There is no difference between an agreement and a contract.

Which of the following statements is true of resistance to change? Select one: A. Overt resistance is less important to an organization than is covert resistance. 0 B. Resistance has emotional, cognitive, and behavioral components. 0 C.

Accounts receivable had a debit balance of $10,000 at the beginning of the period, and a debit balance of $6,000 at the end of the period.

What is customer retention?

A firm using the perpetual inventory method returned defective merchandise costing P2,000 to one of its suppliers. The entry to record this transaction will include a debit to a. Accounts Receivable. b. Inventory. c. Purchase Returns and Allowances.

The term commonly used in accounting to describe the format for recording a transaction is: general ledger journal entry trial balance chart of accounts

Which education level has the highest return on investment (ROI)

Assume that the money demand function is (M / P) d = 2,200 - 200r, where r is the interest rate in percent. If the price level is fixed at P=2, and the Fed wants to fix the interest rate at 7 percent, it should set the money supply at:

On August 2, 2013, Jun Co. receives a $6,000, 90-day, 12% note from customer Ryan Albany as payment on his $6,000 account. 1. Prepare the journal entry assuming the note is honored by the customer on October 31, 2013.

Are schools officials immune from being sued?

Assume an asset cost $72,800 and has a current book value of $42,760. The asset is sold today for $32,900 cash. The firm's tax rate is 21 percent. As a result of this sale, the firm's net cash flow: 1. will increase by more than $32,900. 2.