A general purpose of the UCC is to:
A) Protect parties from entering into unconscionable contracts.
B) Standardize commercial law and facilitate commercial transactions.
C) Protect the merchant who deals in goods.
D) Protect the consumer.
B
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Which of the following factors, listed in a situation analysis for a major U.S. auto manufacturer, is the best example of a threat?
A. A New York law firm has filed a $10 million class action suit against the company on behalf of car owners whose gas tanks exploded. B. The company has lower manufacturing costs than its key competitors, allowing it to sell its cars at low prices. C. The factory that manufactures a new, popular car cannot build enough vehicles to meet the demand, while other factories have excess capacity. D. Due to outdated engine technology, the company's cars get lower gas mileage than those of major competitors. E. Recent consumer studies have indicated that Chinese consumers prefer American cars.
Walmart needs P&G to satisfy its customers, and P&G recognizes that if it can keep Walmart happy, it will have more than enough business for years to come. Walmart and P&G recognize that it is in their common interest to be
A. separate identities. B. in an administered vertical marketing system. C. supply chain intermediaries. D. in a corporate vertical marketing system. E. strategic partners.
By 2050, Hispanics are projected to make up about one-half of the U.S. labor force.
Answer the following statement true (T) or false (F)
Avatar Auto Parts Company uses the indirect method to prepare the statement of cash flows
Refer to the following section of the comparative balance sheet: Avatar Company Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 Increase/(Decrease) Accounts Payable $4,000 $6,000 $(2,000 ) Accrued Liabilities 2,000 1,000 1,000 Long-term Notes Payable 84,000 90,000 (6,000 ) Total Liabilities $90,000 $97,000 $(7,000 ) How will the change in Accounts Payable be shown on the statement of cash flows? A) as an addition to Net Income B) as a deduction from Net Income C) as a deduction from investing cash flows D) as an addition to operating cash flows