Which of the Following Transactions Would Not Increase the Fixed

question 77

Multiple Choice

Which of the following transactions would not increase the fixed asset turnover ratio?

• A)An increase in sales revenue.
• B)A profitable sale of fixed assets for cash.
• C)Selling manufacturing equipment for a loss.
• D)A decrease in operating expenses.

Distinguish between gratuitous promises and enforceable contracts.

Identify and explain the concept of estoppel and its application in legal disputes.

Recognize the significance of past consideration and its impact on contract enforceability.

Evaluate the role of quantum meruit in compensation for services rendered without a formal contract.

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Definitions:

Clinical Psychology

The branch of psychology that focuses on diagnosing and treating mental, emotional, and behavioral disorders.

Ph.Ds.

Doctor of Philosophy degrees, advanced academic degrees awarded by universities to individuals who have completed a program of study and research in their specific field of study.

Clinical Psychologists

Clinical psychologists are professionals who specialize in diagnosing and treating mental, emotional, and behavioral disorders through psychological techniques and therapies.

Licensed

Officially permitted to practice or conduct a particular activity, often by having met specific qualifications or standards.