The UN's Convention on Contracts for the International Sale of Goods (CISG) differs from the Convention Relating to a Uniform Law on the Formation of Contracts for the International Sale of Goods (ULF) in that the CISG ________
A. does not represent the legal systems of communist nations
B. contains provisions for domestic sales of goods
C. represents all major legal systems
D. does not contain provisions pertaining to the formation of contracts
C
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From the following information, determine the amount of freight-in. Beginning Inventory ................................... $20,000 Purchases ............................................. 41,000 Purchase Returns and Allowances ....................... 3,000 Purchase Discounts .................................... 4,000 Freight-In ............................................ ? Cost of Goods
Available for Sale ...................... 55,000 Ending Inventory ...................................... ? Cost of Goods Sold .................................... 22,000 a. $1,000 b. $2,000 c. $3,000 d. $4,000
The purpose of closing entries is to transfer:
A. Inventory to Cost of Goods Sold when merchandise is sold. B. Accounts Receivable to Retained Earnings when an account is fully paid. C. Balances in temporary accounts to a permanent account. D. Assets and liabilities when operations are discontinued.
_____ is the set of values, norms, attitudes, and other meaningful symbols that shape human behavior and is transmitted from one generation to the next
a. Influence b. Consumerism c. Lifestyle d. Culture
Sue, a resident of the state of New York, is visiting her aunt in Iowa. On her way, her car is hit by Jerry, a resident of the state of Iowa who is drunk. Sue is injured in the accident. Which of the following actions is Sue allowed to take?
A) Sue can sue Jerry and bring the case to Iowa state court provided that the dollar amount of the controversy exceeds $75,000. B) Sue can file a case against Jerry in the New York state court as she is a resident of that state. C) Sue can file a case against Jerry only in the Iowa state court as this is a matter that involves state negligence law. D) Sue can sue Jerry and bring the case to Iowa federal court as this is a case that involves diversity of citizenship.