Contracts signed with a door-to-door seller may be voided within three days of signing under a Federal Trade Commission Rule
a. True
b. False
Indicate whether the statement is true or false
True
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The major criticism of the lower of cost or market rule for valuation of inventory is that
A) holding losses are recognized, but holding gains are not. B) holding gains are recognized, but holding losses are not. C) the total difference between selling price and cost is usually recognized in the period of the sale. D) the conservatism principle is violated because of the use of the floor constraint.
Fourlotts Corp provide integrated services that include storing manufactured goods, packaging, and delivering it to the dealers or customers. Given this information, Fourlotts Corp is most likely a _____
A) third-party logistics provider B) contract manufacturer C) distribution center D) supplier
An organization’s assumptions are implicit and ________ resistant to change.
A. moderately B. not likely to be C. equally D. highly E. None of these are correct.
A bond has a face value of $1,000 and five years to maturity. This bond has a coupon rate of 13 percent and is selling in the market today for $902. Coupon payments are made annually on this bond. What is the yield to maturity (YTM) for this bond?
A. 13 percent B. 12.75 percent C. 16 percent D. 11.45 percent E. 12 percent