Which of the following holds true of the seller's entitlement on the recovery of purchase price of goods?
A. The seller is not entitled to the purchase price of all goods accepted by the buyer.
B. Even if the seller successfully resells the goods, he can claim recovery of the purchase price from the buyer.
C. The seller cannot recover the purchase price of goods damaged after the buyer assumed the risk for their loss.
D. If the seller resells goods to another buyer, the seller must give the first buyer due credit for the proceeds of the resale.
Answer: D
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Firms paying excess dividends may cause shareholders to pay taxes sooner and at a higher marginal tax rate than if the firm either held the excess funds, or found additional satisfactory investments
Indicate whether the statement is true or false
An employee earns $5,500 per month working for an employer. The FICA tax rate for Social Security is 6.2% of the first $128,400 of earnings each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. The employee has $182 in federal income taxes withheld. The employee has voluntary deductions for health insurance of $150 and contributes $75 to a retirement plan each month. What is the amount the employer should record as payroll taxes expense for the employee for the month of January?
A. $750.75 B. $841.50 C. $464.75 D. $602.75 E. $420.75
The basic principle of capital budgeting is that
A) all projects with positive adjusted cash flows should be accepted. B) all projects with adjusted cash flows of zero or greater. C) only projects with adjusted cash flows should be accepted. D) only projects financed entirely with equity be accepted.
According to the theory of constraints, a non-bottleneck is any resource where capacity is less than the demand placed on it.
Answer the following statement true (T) or false (F)