Fox brothers enterprises, inc., agreed to convey to canfield a lot, lot 23, in a subdivision known as fox estates, together with a one-year option to purchase lot 24. the agreement did not contain any prohibitions, restrictions, or limitations against assignments. canfield paid the price of $20,000 and took title to lot 23. thereafter, canfield assigned his option right in lot 24 to the scotts. when

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below

Abank provides its customers mobile applications that significantly simplify traditional banking activities. for example, a customer can use a smartphone to take a picture of a check and electronically deposit into an account. this unique service demonstrates the bank’s desire to practice which one of porter’s strategies?

Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. − exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) − na = (360 ) (360 ) oa b. na = (360 ) + 360 360 − na = 360 na c. (360 ) = na + (360 ) (360 ) − na = (360 ) na d. na = (360 ) + 360 360 − na = 360 na