The speech of ______ is given in response to a speech of presentation.
Fill in the blank(s) with the appropriate word(s).
Ans: acceptance
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Which of the following types of relationship exists when a person hires another person to perform some form of physical service but does not authorize that person to enter in to contracts on his or her behalf?
A) employer-employee relationship B) employer-agent relationship C) principal-third party relationship D) principal-agent relationship
A(n) ________ defense is a type of defense that can be raised against enforcement of a negotiable instrument by an ordinary holder but not against an HDC
A) discharge in bankruptcy B) extreme duress C) personal D) universal
The entry to close Sales Discounts will include a debit to Income Summary
Indicate whether the statement is true or false
Compton Corporation is a wholesale distributor of educational CD-ROMs. The company's records indicate the following: This YearLast YearUnits Sold 250,000 200,000Sales$1,250,000 $1,000,000Cost of goods sold 875,000 700,000Gross margin 375,000 300,000Selling and administrative expenses 222,000 210,000Net operating income$153,000 $90,000 What is the company's contribution margin for this year?
A. $375,000 B. $213,000 C. $(667,500) D. $315,000