Both limited and general partners have authority to bind the limited partnership to a contract
Indicate whether the statement is true or false
FALSE
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The cash discount does not apply to freight charges billed separately on an invoice
Indicate whether the statement is true or false
Charlie's Chocolates' had stock issuances of $50,000 and dividends of $20,000. The company has revenues of $83,000 and expenses of $64,000. Calculate its net income.
A. $64,000. B. $49,000. C. $83,000. D. $19,000. E. $30,000.
The moral case for why a company should actively promote the betterment of society and act in a manner benefiting all its stakeholders
A. is based on the principle of treating people fairly and with respect. B. boils down to "it's the right thing to do." C. is based on the conviction that improving the well-being of society ranks higher in priority and is certainly nobler than making a profit and serving the interests of shareholders. D. rests on the principle that a business is duty bound to fulfill its social contract to serve the interests of all stakeholders in a business enterprise. E. is based on the principle that business activities lack real legitimacy and have few socially redeeming qualities unless and until a company exerts a significant and sincere effort to give something back to the community.
A cost variance can be further separated into the quantity variance and the price variance.
Answer the following statement true (T) or false (F)