When a college student complained about a particular course, the vice president of the college asked the teacher to prepare a detailed report about the course. The teacher did and then demanded additional compensation for the time spent in preparing the report. He claimed that the college was liable to provide compensation on an implied contract. Was he correct? [Zadrozny v City Colleges of Chicago, 581 NE2d 44 (Ill App)]
The separate letter from the vice president of sales was emailed and faxed to Magicon representatives. What would be the impact if Longeta\'s vice president had only provided that information orally to Magicon representatives and not forwarded the information in written form?
The following statement was made by the vice president of finance of Orville Inc.: “The managers...... ... information as the shareholders of the firm. When managers use the same information in guiding their internal operations as shareholders use in evaluating their investments, the managers...
The following statement was made by the vice president of finance of Haberman Inc.: \"The managers...... ... same information as the shareholders of the firm.When managers use the same information in guiding their internal operations as shareholders use in evaluating their investments, the managers...
The image on the left in the figure below consists of alternating stripes of black/white, each stripe being two pixels wide. The image on the right is the Fourier spectrum of the image on the left, showing the dc term and the frequency terms corresponding to the stripes. (Remember, the spectrum is...
Using the selected year-end account balances at December 31, 2014, for Proof General Store that follow, prepare a 2014 multistep income statement. Show detail of net sales. The company uses the periodic inventory system. Beginning merchandise inventory was $26,000; ending merchandise inventory...
1. How do the accounting records of a regulated electric utility affect its income? (Value 5%) 2. How does the recording of electric plant at \"original cost\" necessitate the use of an \"acquisition adjustment\" account? (Value 5%) 3. From the following facts, prepare journal entries to account for...
A certain spherically symmetric charge configuration in free space produces an electric field given in spherical coordinates by where Ï 0 is a constant. (a) Find the charge density as a function of position. (b) Find the absolute potential as a function of position in the two regions, r...
Kim purchased on credit a $1,000 freezer from Silas Household Appliance Store. After she had paid approximately $700, Kim missed the next monthly installment payment. Silas repossessed the freezer and billed Kim for the balance of the purchase price, $300. Kim claimed that the freezer, now in the...
Benson purchased a new Ford Thunderbird automobile. She traded in her old car and used the Magnavox Employees Credit Union to finance the balance. The credit union took a security interest in the Ford. Subsequently, the Ford was involved in a number of accidents and was taken to a dealer for...
ABC Co. and XYZ Co. are identical firms in all respects except for their capital structure. ABC is all equity financed with $600,000 in stock. XYZ uses both stock and perpetual debt; its stock is worth $300,000 and the interest rate on its debt is 8 percent. Both firms expect EBIT to be $80,000....