A buyer purchases some equipment that costs $20,000. As part of the contract, the seller agrees
to install this equipment for an additional $2,000. After the buyer begins using the equipment,
problems develop.
Some of the problems relate to how the equipment was installed, while
others relate to the equipment itself. Which of the following is true?
A) The entire contract is covered under the UCC.
B) The sales portion of the contract is covered by the UCC, but the installation services are
covered under common law.
C) The entire contract is covered under common law.
D) Either the entire contract is covered under the UCC or the entire contract is covered under
common law; which one covers it depends on whether more of the problems relate to the
equipment itself or to the installation.
A
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A journal entry for a $50 payment for rent expense was posted as a debit to Salaries Expense and a credit to Cash. Which of the following statements correctly states the effect of the error on the trial balance?
A) The sum of the credits will equal the sum of the debits. B) The sum of the debits will exceed the sum of the credits by $50. C) The sum of the debits will exceed the sum of the credits by $100. D) The sum of the credits will exceed the sum of the debits by $100.
Promotional messages developed for mobile devices need to
A) build a story one link at a time. B) immediately generate desire. C) have a strong call to action. D) have significant levels of detail. E) be fast and straightforward.