A person with voidable title to goods can transfer the goods title to a good faith purchaser for value
Indicate whether the statement is true or false
TRUE
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Financing activities include buying and selling long-term assets, investments in debt and equity securities, and lending money and collecting the principal on the related loans
Indicate whether the statement is true or false
The inventory-control method called _____ relies on a computerized program to calculate the quantity of materials needed for production and to determine when they should be ordered or made.
Fill in the blank(s) with correct word
Entries are made to the Petty Cash account when
A) making payments out of the fund. B) recording shortages in the fund. C) replenishing the petty cash fund. D) establishing the fund.
ND Electric Company issued $1,000 bonds that have an annual coupon rate of 6.5%. The present
market value of the bonds is $1,225. If the bonds have 17 years remaining until maturity, what is the current yield on ND Electric Company bonds? A) 6.5% B) 13.2% C) 7.2% D) 5.3%