First National Bank is the central bank of the United States

Indicate whether the statement is true or false


FALSE

Business

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Matthew Martin, the owner of Innovation Consulting, started the business by investing $51,000 cash. Identify the general journal entry below that Innovation Consulting will make to record the transaction.

A.

Cash51,000? 
Note Payable 51,000?

B.
Investments51,000? 
M. Martin, Capital 51,000?

C.
M. Martin, Capital51,000? 
Cash 51,000?

D.
Accounts Receivable51,000? 
Cash 51,000?

E.
Cash51,000? 
M. Martin, Capital 51,000?

Business

If something is seriously wrong, the law will prohibit it. Consequently, it's enough to rely on the law for deciding what's right or wrong.

Answer the following statement true (T) or false (F)

Business

If the unit selling price is $40, the volume of sales is $3,000,000, sales at the break-even point amount to $2,500,000, and the maximum possible sales are $3,300,000, the margin of safety is 11,500 units

Indicate whether the statement is true or false

Business

Jason and Katrina work on the loading dock for Longhaul Transport Company. Jason has a disability. Katrina has seniority. Jason asks for a transfer, which would represent an accommodation for his disability. Longhaul gives the transfer to Katrina on the basis of her seniority. Jason files a suit against Longhaul for discrimination on the basis of his disability. The court is most likely to rule that

A. Katrina's seniority is a good defense. B. Jason's disability is a sufficient basis for relief. C. Longhaul's action was a business necessity. D. Longhaul's action was a reasonable accommodation.

Business