Fact Pattern 3-1BOrin and Pia engage in a business transaction from which a dispute arises. Orin initiates a lawsuit against Pia by filing a complaint.Refer to Fact Pattern 3-1B. If Pia files a motion to dismiss, she is asserting that
A. Orin did not state a claim for which relief can be granted.
B. Orin's statement of the facts is not true.
C. Orin's statement of the law is not true.
D. Pia suffered greater harm than Orin.
Answer: A
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Answer the following statement true (T) or false (F)
Inventory turned over seven times during the year at Prosser Electronics. Similar electronics retailers have an inventory turnover equal to twelve times per year. What explains Prosser's state of inventory management?
A) Prosser sold too much inventory during the year. B) Prosser needs to increase sales and decrease the amount of inventory on hand. C) Prosser is performing much better than its competitors. D) Prosser should increase the amount of goods on hand to accommodate the growth in inventory demand.
Barter, Inc. sold goods for $883,500 on account. The company operates in a state that imposes a 9% sales tax. What is the amount of the sales tax payable to the state?
A) $79,515 B) $39,758 C) $19,879 D) $159,030
Investors and creditors look at the balance sheet to see whether the company:
A. has had positive cash flows from operating activities. B. can maintain its existing product line. C. owns enough assets to pay all that it owes to creditors. D. is profitable.