Hugh recently purchased a motorcycle for $4,000 but has had extensive problems starting the motor. In disgust at not being able to start the motorcycle, Hugh shouts to his friends, "Any of you want to buy this thing for $20?" A contract will be formed if a friend gives Hugh a twenty-dollar bill
Indicate whether the statement is true or false
False
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Refer to the selected data provided for Bloom's Garden Center. Which of the following would result from a horizontal analysis of Bloom's income statement?
A) Cost of goods sold is 50% of net sales for 2012. B) Gross profit is 50% of net sales for 2012. C) Cost of goods sold increased $20,000 or 11.1% during 2012. D) Inventory decreased $5,000 or 25% during 2011.
Which of the following scenarios illustrates business marketing?
a. Molly, a university student, buys a book to gift her friend. b. Tom, the accountant at Martel Inc., buys a pair of shoes for his daughter. c. Mark, a school student, purchases a laptop for his personal use. d. Jenny, the manager of Ikon Inc., purchases a set of printers for her office.
The evil intent necessary to commit a crime is known as "actus reus."
Indicate whether the statement is true or false
Sinking funds are provisions included in bond indentures that require companies to retire bonds on a scheduled basis prior to their final maturity. Many indentures allow the company to acquire bonds for sinking fund purposes by either (1) purchasing bonds on the open market at the going market price or (2) selecting the bonds to be called by a lottery administered by the trustee, in which case the price paid is the bond's face value.
Answer the following statement true (T) or false (F)