For internal control purposes, the receiving department:
a. receives a copy of the purchase order.
b. does not receive a copy of the purchase order.
c. receives a copy of the purchase order.
d. receives a copy of the purchase requisition.
b
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One of the traditional buyer's rights is the right not to buy a product that is offered for sale
Indicate whether the statement is true or false
The Federal Trade Commission requires franchisors to
a. give prospective franchisees a franchise disclosure document at least 14 business days prior to the signing of a contract or payment of any money. b. give prospective franchisees earnings information on the company. c. disclose any litigation the company has ever been involved in. d. let prospective franchisees know how many franchisees have gone out of business in the prior five years.
Groeneweg Corporation has provided the following data: Year 2Year 1Common stock, $2 par value$100,000 $100,000 Total stockholders' equity$1,129,000 $1,100,000 Net operating income$61,538 Net income before taxes$51,538 Net income$33,500 Dividends on common stock during Year 2 totaled $4,500. The market price of common stock at the end of Year 2 was $9.45 per share. The company's dividend payout ratio for Year 2 is closest to:
A. 8.7% B. 1.0% C. 13.4% D. 4.5%
If a seller delivers defective good, under the UCC the buyer may not cancel the contract if the seller repairs the goods or replaces the goods in a "timely" fashion
a. True b. False Indicate whether the statement is true or false