The 2013 catalog that gigantic state university website sent out to prospective students described a merit-based scholarship called the "eagle scholarship." the catalog stated that gsu offers the eagle scholarship to all incoming students who are in the top 10 percent of their high school classes and have sat scores of 1250 or above. paul, a prospective student, read the 2001 catalog that gsu had sent to him. money was tight for paul, so he paid particular attention to the part of the catalog that described financial aid. he read about the eagle scholarship and realized that he qualified for the scholarship. paul picked gsu over other schools in large part because of the eagle scholarship. he applied to gsu and gsu admitted him. before his freshman orientation, paul called gsu and checked to be sure that he met the requirements of the eagle scholarship, and the gsu representative that he talked to informed him that he did. when paul arrived at gsu for freshman orientation, however, he received a copy of the 2014 catalog and learned that the qualifications for the eagle scholarship had changed and that he no longer qualified. was there a contract between gsu and paul for the eagle scholarship? if so, what kind of contract was it? what body of legal rules would apply to the contract? if it wasn’t a contract, is there any other basis for a legal obligation on the part of gsu?

Assume that all of thurmond company’s sales are credit sales. it has been the practice of thurmond company to provide for uncollectible accounts expense at the rate of one-half of one percent of net credit sales. for the year 20x1 the company had net credit sales of $2,021,000 and the allowance for doubtful accounts account had a credit balance, before adjustments, of $630 as of december 31, 20x1. during 20x2, the following selected transactions occurred: jan. 20 the account of h. scott, a deceased customer who owed $325, was determined to be uncollectible and was therefore written off. mar. 16 informed that a. nettles, a customer, had been declared bankrupt. his account for $898 was written off. apr. 23 the $906 account of j. kenney & sons was written off as uncollectible. aug. 3 wrote off as uncollectible the $750 account of clarke company. oct. 20 wrote off as uncollectible the $1,130 account of g. michael associates. oct. 27 received a check for $325 from the estate of h. scott. this amount had been written off on january 20 of the current year. dec. 20 cater company paid $7,000 of the $7,500 it owed thurmond company. since cater company was going out of business, the $500 balance it still owed was deemed uncollectible and written off. required: prepare journal entries for the december 31, 20x1, and the seven 20x2 transactions on the work sheets provided at the back of this unit. then answer questions 8 and 9 on the answer sheet. t-accounts are also provided for your use in answering these questions. 8. which one of the following entries should have been made on december 31, 20x1?

How has internet access changed and affected globalization from 2003 to 2013? a ten percent increase in internet access has had little effect on globalization. a twenty percent decrease in internet access has had little effect on globalization. a thirty percent increase in internet access has sped up globalization. a fifty percent decrease in internet access has slowed down globalization.

Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?