A primary reason for requiring a surety is to reduce the creditor's risk of loss

Indicate whether the statement is true or false


True

Business

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The operating cycle is equal to days' sales uncollected plus days' inventory on hand minus days' payable

Indicate whether the statement is true or false

Business

Belinda has a household insurance policy, which requires that she notify the insurance company within 30 days of any loss before she is eligible to receive payment for her loss. The notification requirement is a condition precedent to the insurance company's obligation to perform, even though the notification must occur subsequent to the loss

a. True b. False Indicate whether the statement is true or false

Business

Lemon, owner of a stationery store, accepted and paid for thirty dozen computer disks from the Zanny Stationery Company. After selling some of the disks, Lemon began to get complaints that the disks were defective. Lemon's legal remedy against the Zanny Stationery Company is

a. none. b. to resell the goods and sue Zanny for damages. c. to sue Zanny for breach of warranty. d. to sue Zanny for specific performance.

Business

RFID tags are typically used for ________

A) capturing data on weather conditions B) processing checks in banks C) surveillance of ATM machines D) tracking shipments of physical goods

Business