When the terms of sale include a sales discount, it usually is advisable for the buyer to pay within the discount period
Indicate whether the statement is true or false
T
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Which of the following is not true regarding the contracts of intoxicated persons?
A) If an intoxicated person is unable to understand the nature and consequences of his act, then the contract is voidable. B) The effect of intoxication is generally the same as that given to contracts that are voidable because of incompetency. C) Slight intoxication will destroy one's contractual capacity. D) Contracts made while a person is too intoxicated to act in a reasonable manner may be ratified when the intoxicated person regains his capacity.
You disagree with Ed "Shifty" Smith, a car salesperson, on the price of an open-end lease. He says the depreciation charge is only $6,000
What is the actual depreciation charge for a car now worth $23,000 that is expected to drop in value to $15,000 in two years? A) $7,000 B) $7,500 C) $8,000 D) $11,500 E) $15,500
A company credits Additional Paid-in Capital for the portion of the cash proceeds above par value received for the issuance of stock.
Answer the following statement true (T) or false (F)
A central processing unit (CPU) is also called "the brain" of a computer
Indicate whether the statement is true or false