Midterm Responses Question 1: The issue here is whether Brian Logan was required to pay the $20 fee for the seminar to cover the cost of the handbook to Expert Investments Corp (EIC). Was an agreement ever made between the two parties (Brian and EIC)? A contract requires 1) an agreement‚ 2) consideration‚ 3) legality‚ and 4) capacity. An agreement is made when there is an offer with the intent to be bound by the offer‚ reasonably definite terms‚ and communication of offer to offeree by offeror
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M4A1 Midterm Essay BIO110 Excelsior College 1. You are the biologist in a group of scientists who have traveled to a distant star system and landed on a planet. You see an astounding array of shapes and forms. You have three days to take samples of living things before returning to earth. How do you decide what is alive? If three days is all I have to take samples of living things‚ then it would be very hard to determine what is truly alive‚ as the time restriction only allows for certain
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Communications 320 Midterms David K. Anderson Excelsior College 1. To what degree have changing demographics in the United States and the changing worldwide immigration patterns affected intercultural communication? The changing demographics as well as the worldwide immigration patterns have brought the need for effective intercultural communication. The need to uphold and understand intercultural communication has been realized as a result of this phenomenon. For example in the
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Final Exam Review Questions from old Midterm Question 4 On December 31‚ 2012‚ Milton Company had $600‚000 of short-term debt in the form of notes payable due February 2‚ 2013. On January 21‚ 2013‚ the company issued 12‚500 shares of its common stock for $36 per share‚ receiving $450‚000 proceeds after brokerage fees and other costs of issuance. On February 2‚ 2013‚ the proceeds from the stock sale‚ supplemented by additional $150‚000 cash‚ are used to liquidate the $600‚000 debt. The December
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responsibility of another party. Encompasses financial statement audits. Audit evidence: All the information used by the auditor in arriving at the conclusions on which the audit opinion is based. Audit evidence includes the information contained in the accounting records underlying the financial statements‚ as well as other information. Audit risk: The risk that the auditor expresses an inappropriate audit opinion when the financial statements are materially misstated. Auditing: A systematic process
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Midterm Exam Page 1 1. | Indirect labor is a part of: | A | Prime cost. | B | Conversion cost. | C | Period cost. | D | Nonmanufacturing cost. | 2. | Prime cost and conversion cost share what common element of total cost? | A | Direct materials. | B | Direct labor. | C | Variable overhead. | D | Variable overhead. | 3. | On the Schedule of Cost of Goods Manufactured‚ the final Cost of Goods Manufactured figure represents: | A | the amount of cost charged
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California State University –Fullerton Econ 201- Review for Midterm I Dr. El Hag- Spring 2010 Multiple Choice Identify the choice that best completes the statement or answers the question. ____1.The slope of a line that passes through the points (10‚ 15) and (20‚ 7) is a. | -5/4. | b. | -4/5. | c. | 4/5. | d. | 5/4. | ____2.If Shawn can produce more donuts in one day than Sue can produce in one day‚ then a. | Shawn has a comparative advantage
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Alberta School of Business Department of Accounting OPERATIONS and Information systems Accounting 523 Section X50 winter 2013 Midterm Exam Last Name First Name I.D. Number INSTRUCTIONS 1. Read these instructions carefully. 2. You must hand in this exam booklet before leaving the exam. 3. To answer the multiple choice questions‚ circle the letter of your answer. To change your answer‚ stroke through the old answer and circle the new response. You may write
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Statement of Purpose We know education‚ today‚ is considered as a key to success. Every profession and the jobs require both the practical and theoretical knowledge. With this growing importance of education and knowledge‚ it has become very important for every individual especially students to compete in every step of life. As I have completed my Higher Secondary Education in Nepal with good marks. I have always wanted to be a businessman from my early childhood. I have realised the fact that
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The Bear Minimum Case Summary: Big Bear Power is a public utility with a strong financial position for past several years. The company is in compliance with all its debt covenants because of its positive cash flow. Big Bear leased combustion turbine from Goliath Co. The lease term is non-cancelable for ten years. The lease was signed on December 15‚ 2004‚ but the lessee’s right to use the turbine starts on January 1‚ 2005. Issues and Facts There are three specific provisions associated with the
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