Which of the following sales would be covered by Article 2 of the Uniform Commercial Code?
A) the sale of intangible goods
B) the sale of tangible goods
C) the sale of real estate
D) the sale of stocks
B
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Although a garbage can that costs $25 is a long-term asset, it can be expensed because the amount is immaterial and will not affect anyone's decision making
Indicate whether the statement is true or false
During 2012, the accounts payable balance of Bombay Corporation decreased. From the statement of cash flows the financial reader would most likely conclude which of the following?
A) This decrease indicates that Bombay's sales increased compared to the previous period. B) This decrease is added to net income in the operating activities section of a statement of cash flows prepared under the indirect method. C) This decrease is deducted from the investing activities section of a statement of cash flows prepared under the indirect method. D) This decrease indicates that Bombay paid more during the period than it recognized as credit purchases.
A suit against Biz-Mart alleges that only 14% of its store managers are women, but 70% of its hourly workers are women and 85-90% of its customer service managers are women. What will the plaintiffs need to establish that Biz-Mart has violated Title VII?
A) That Biz-Mart has an adequate pool from which to draw female store managers B) That Biz-Mart has engaged in disparate treatment C) That the labor market is one-half female D) All of the above
If the actual level of activity is 4% more than planned, then the costs in the static budget should be increased by 4% before comparing them to actual costs.
Answer the following statement true (T) or false (F)