A contract to discriminate against somebody on the basis of race is illegal because it usually
violates state and/or federal statutes; if not, it is illegal as being contrary to public policy.
Indicate whether the statement is true or false
TRUE
Business
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McLeod Fries, Inc has budgeted sales for June and July at $680,000 and $750,000, respectively
Sales are 90% credit, of which 70% is collected in the month of sale and 30% is collected in the following month. What is the budgeted Accounts Receivable balance on July 31? A) $225,000 B) $202,500 C) $183,600 D) $675,000
Business
Under the direct write-off method, bad debt expense is not estimated and an allowance account is not used.
a. true b. false
Business