Which of the following would be an example of a civil lawsuit?
a. George is being prosecuted for bank fraud.
b. The government has initiated an action against Jeff for operating a motor vehicle under the influence of alcohol.
c. Gretta hit Rita in a bar during happy hour. Rita is now suing for her injuries.
d. The district attorney is bringing Ali to court for violating the city's keg ordinance.
c
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Information that is material means that an error or alternative method of handling a transaction
a. Would possibly affect the judgment of someone relying on the financial statements b. Would not affect the decisions of users c. Might cause a company to understate its earnings for the accounting period d. Could increase the profitability of a company
A company increased the selling price for its product from $1.00 to $1.20 a unit when total fixed costs increased from $400,00 . to $450,00 . and variable cost per unit remained unchanged. How would these changes affect the break-even point?
a. The break-even point in units would be increased. b. The break-even point in units would be decreased. c. The break-even point in units would remain unchanged. d. The effect cannot be determined from the information given.
A mannequin dressed in a matching shirt, slacks, and sports jacket illustrates an ensemble display
Indicate whether the statement is true or false
A seller contracts to sell some rare coins to a collector for $10,000, to be delivered two months
after the date of the contract. On the date that delivery is due, the coins are worth $12,000 but the seller refuses to deliver. The collector acquires similar coins the following week for $13,000, the best price he can find. What can the collector recover from the seller? A) $3,000 B) $2,000 C) $5,000 D) Nothing, because she chose to enter into a separate contract for the purchase of coins from another seller E) $1,000