Which of the following would result if the business purchased supplies for cash?
A) Supplies would increase and Cash would decrease.
B) Supplies would increase and Capital would increase.
C) Supplies would increase and Accounts Payable would increase.
D) The purchase of supplies is not a business transaction.
Answer: A
Business
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Which piece of information below is included in a resource agreement?
A. Time estimates B. Contingencies C. Effort estimates D. Dependencies
Business
Ted owns an auto parts store. In exchange for a premium discount from his insurer, he promised that no cash would be kept on the premises overnight and that two guard dogs would patrol the grounds at night. Ted's promises were incorporated into the insurance contract. His promises are:
(a) representations (b) warranties (c) waivers (d) expressed powers
Business