The UCC does not apply to a contract for the sale of goods if the value of the goods is less than $500.
Answer the following statement true (T) or false (F)
False
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The factory supplies account is adjusted for supplies used during the year by
a. debiting Factory Supplies and crediting Factory Supplies Expense; b. debiting Factory Supplies Expense and crediting Factory Supplies; c. debiting Office Supplies Expense and crediting Factory Supplies Payable; d. debiting Factory Supplies and crediting Factory Overhead; e. none of these
Which of the following statements is CORRECT?
A. A bond's current yield must always be either equal to its yield to maturity or between its yield to maturity and its coupon rate. B. If a bond sells at par, then its current yield will be less than its yield to maturity. C. If a bond sells for less than par, then its yield to maturity is less than its coupon rate. D. A discount bond's price declines each year until it matures, when its value equals its par value. E. Assume that two bonds have equal maturities and are of equal risk, but one bond sells at par while the other sells at a premium above par. The premium bond must have a lower current yield and a higher capital gains yield than the par bond.
Why are insurance contracts said to be contracts of adhesion?
A) The values exchanged by the parties to the contract are not equal. B) One party writes the contract, and the other party must accept the entire contract as written. C) Only one party makes a legally enforceable promise. D) Conditions are placed on the insurer's promise to perform.
Which of the following does little more than provide information about the business and its products?
A) informational Web site B) interactive Web site C) transactional Web site D) dynamic Web site