Zetom Company receives a bill from one of its suppliers for services received and will pay the supplier next month. How does the receipt of the bill from the supplier affect the accounting equation of Zetom?
A) assets and equity decrease
B) liabilities increase and equity decreases
C) assets and liabilities increase
D) liabilities and equity increase
B
Business
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Which of the following is true of discharge of performance by agreement?
A) A partially executed contract cannot be rescinded. B) Mutual rescission requires parties to enter into a second agreement that expressly terminates the first one. C) A party is allowed to rescind a contract without the consent of the other party. D) Unilateral rescission is not regarded as breach of contract.
Business
The ________ is the average number of customers who can be served during a given time period
Fill in the blank with correct word.
Business