Which of the following sentences is punctuated correctly?
a. The shipment arrived too late for our sale; therefore, we are returning it to you.
b. The shipment arrived too late for our sale, therefore, we are returning it to you.
c. The shipment arrived too late for our sale therefore, we are returning it to you.
d. The shipment arrived too late for our sale: therefore, we are returning it to you.
A
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Franklin wrote a check on the Second National Bank payable to Garth. When Garth presented the check for payment, Second National refused to cash it, although the check was in proper form and Franklin had sufficient funds on deposit at the bank. The Second National Bank is liable to
a. Franklin and Garth. b. Franklin only. c. Garth only. d. no one.
Most student loans cannot be discharged under Chapter 13
Indicate whether the statement is true or false
Below are the complete set of published financial statements taken from the annual report of the Hillsdale Museum. The statements do not comply with generally accepted accounting principles for private not-for-profits in a number of ways. Review these statements and describe instances in which the statements fail to comply with accepted accounting standards. You must be able to justify your assertions - for example you cannot say they failed to capitalize leases if there is no evidence they have a qualifying lease.Example: (1) The financial statements contain no note disclosures. The notes are an integral part of the financial statements and many individual disclosures are required under FASB standards.HILLSDALE MUSEUMSUMMARY OF OPERATING RESULTS ANDCHANGES IN FUND NET ASSETSYEAR
ENDED JUNE 30, 2017Operating Revenues:Charges for Services150,000Unrestricted Gifts100,000 Gifts restricted for Scholarships50,000 Total Operating Revenues$300,000 Operating Expenses: Salaries$100,000Utilities50,000Supplies80,000Depreciation40,000Total Operating Expenses270,000Operating Income30,000Nonoperating Income (Expenses):Gifts for Endowments36,000Change in Net Assets66,000HILLSDALE MUSEUMSTATEMENT OF FINANCIAL POSITIONJUNE 30, 2017Assets:Current Assets: Cash$214,000 Supplies20,000Total Current Assets 234,000Noncurrent Assets:Land 100,000Land Improvements$400,000Less: Accumulated Depreciation(20,000)380,000Equipment200,000Less: Accumulated Depreciation(20,000)180,000Total Fixed Assets660,000Endowment Investments300,000 Total Noncurrent Assets 960,000Total Assets $1,194,000Liabilities:Current Liabilities: Accounts Payable50,000 Current portion of Long Term Debt50,000 Total Current Liabilities 100,000Long-Term Liabilities: Bonds Payable 600,000Total Net Assets $594,000 What will be an ideal response?
Business Week reports that firms using mission statements have a ________ percent higher return on certain financial measures than those without such statements.