If Wendy Refuses to Compensate Rob for His Services Rendered,what

question 19

Multiple Choice

If Wendy refuses to compensate Rob for his services rendered,what would be the result it Rob sued Wendy for unpaid wages?

• A)Rob would prevail because Wendy owed him money for services rendered.
• B)Wendy would prevail because she did not authorize Rob to extend an offer.
• C)Wendy would prevail because Rob should sue the seller,not Wendy.
• D)Wendy would prevail because Rob exceeded his authority in the transaction.
• E)Rob would prevail because he negotiated a vacation home for Wendy that met most of her requirements.

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Definitions:

Cost Of Goods Sold

The direct costs attributable to the production of goods sold by a company, including materials and labor.

Sale Occurs

The event in which goods or services are transferred from a seller to a buyer for monetary consideration.

Sales Return

Transactions that involve the returning of sold goods by customers, resulting in a reduction of revenue.

Credits

Credits are accounting entries that increase liabilities or equity accounts, or decrease asset or expense accounts.