Once a vendor receives an order from a firm, it responds by immediately filling the order.
Answer the following statement true (T) or false (F)
False
The supplier first sends an acknowledgment that it has received the order, and then it fills the order.
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An office machine was purchased for $9,000 cash on January 1 . The machine has a useful life of 3 years and a scrap or salvage value of $1,500 . The annual depreciation for this machine will be:
a. $1,500. b. $3,000. c. $2,500. d. $2,000. e. none of the above.
If you owe the lending institution more at the end of the year than you did at the beginning of the year, you have negative amortization
Indicate whether the statement is true or false.
Which of the following statements concerning a firm's quest to maximize wealth is correct?
A. In extremely competitive industries, we would expect firms would voluntarily engage in many socially beneficial projects to try to maximize their stocks' values. B. Actions that maximize a firm's stock price are inconsistent with maximizing social welfare. C. The concepts of social responsibility and ethical responsibility on the part of corporations are completely different and neither is relevant in maximizing stock price. D. In a competitive market, if a group of firms does not spend resources making social welfare improvements, but another group does, in general, this will not affect the second group's ability to attract funds. E. If the government did not mandate socially responsible corporate actions, such as those relating to product safety and fair hiring practices, most firms in competitive markets probably would not pursue such policies voluntarily.
Which of the following can be a writing sufficient to satisfy the Statute of Frauds?
A) purchase orders B) emails C) an offer letter D)invoices