Reckless or outrageous conduct that creates severe mental torment is the tort of:
a. battery
b. libel
c. slander
d. invasion of privacy
e. none of the other choices
e
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Rivalry among existing competitors refers to the ability of buyers to affect the price they must pay for an item.
Answer the following statement true (T) or false (F)
Compton Corporation is a wholesale distributor of educational CD-ROMs. The company's records indicate the following: This YearLast YearUnits Sold 250,000 200,000Sales$1,250,000 $1,000,000Cost of goods sold 875,000 700,000Gross margin 375,000 300,000Selling and administrative expenses 222,000 210,000Net operating income$153,000 $90,000What is the company's contribution margin for this year? (Round your intermediate calculations to 2 decimal places.)
A. $213,000 B. $315,000 C. $(667,500) D. $375,000
Akira purchased a certain number of securities and incurred losses due to a decline in the price of securities in the market. She held her accountant, Jason, liable for her entire loss. Given this information, which of the following statements is true?
A. Akira can hold Jason liable for her losses because he did not prove that he made a reasonable investigation and reasonably believed that the certified financial statements were accurate. B. Jason cannot be held liable because the losses were totally unrelated to the accountant's negligence. C. Akira can hold Jason liable for her losses because an accountant is liable to any purchaser of securities issued pursuant to a defective registration statement. D. Jason can be held liable because he did not demonstrate that the purchaser was aware of the omissions in the registration statement before buying the securities.
Which document is the objective evidence used as the basis to record the following journal entry?
a. Invoice b. Time ticket c. Job cost sheet d. Purchase order e. Materials requisition