Contracts for the sale of fabric, automobiles, computers, furniture, and paper clips would all be governed by Article 2 of the Uniform Commercial Code

Indicate whether the statement is true or false


True

Business

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Activity costs per unit equal total volume divided by total activity costs

Indicate whether the statement is true or false

Business

If ending inventory on December 31 . 2014, is overstated by $40,000, what is the effect on net income for 2015?

a. Net income is overstated by $40,000. b. Net income is understated by $40,000. c. Net income is overstated by $80,000. d. The answer cannot be determined from the information given.

Business

In the classic formulation of communication, communication is successful when the ________ understands what the ________ intended.

A) Sender; receiver B) Receiver; sender C) Listener; speaker D) Speaker; listener

Business

Explain the implied warranty of merchantability

What will be an ideal response?

Business