If the merchandise costs $5,000, insurance in transit costs $250, tariff costs $75, processing the purchase order by the purchasing department costs $25, and the company receiving dock personnel cost $20, what is the total cost charged to the merchandise?
A) $5,325
B) $5,370
C) $5,350
D) $5,000
A
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The existence or occurrence assertion as related to cash is concerned with proper classification on the balance sheet
a. True b. False Indicate whether the statement is true or false
A warranty disclaimer is considered to be conspicuous when ________
A) the seller implies the disclaimer B) a reasonable person is able to notice it C) it is present in the contract D) it is expressed and approved by both seller and buyer
At an auction for the first time, Dulcineabids on a one-hundred-year-old Edison-brand phonograph, believing that it is worth more than the price asked. When the item proves to be less valuable, Dulcinea is
a. liable on the bid. b. not liable on the bid because Dulcinea overestimated the value of the auctioned item. c. not liable on the bid because the auctioneer overstated the value of the auctioned item. d. not liable on the bid because this was Dulcinea's first auction.
Which of the following is NOT one of the main categories of reasons for small-business failure?
a. planning oversights b. poor managerial qualities c. inadequate business methods d. under financing e. little tax knowledge