Professor Wright photocopies 50 copies of a copyrighted chart to distribute to his students in class. This is a clear violation of the Copyright Act
Indicate whether the statement is true or false
False
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Brock Company's financial information is listed below. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit. Assets Cash and short-term investments $ 40,000 Accounts receivable (net) 30,000 Inventory 25,000 Property, plant, and equipment 215,000 Total assets $310,000 Liabilities and Stockholders' Equity Current liabilities $
60,000 Long-term liabilities 95,000 Stockholders' equity—Common 155,000 Total liabilities and stockholders' equity $310,000 Income Statement Sales $90,000 Cost of goods sold 45,000 Gross margin $45,000 Operating expenses 20,000 Net income $25,000 Number of shares of common stock 6,000 Market price of common stock $20 What is the current ratio? a. 1.42 b. 0.78 c. 1.58 d. 0.67
A sample of 2,500 people was asked how many cups of coffee they drink in the morning. You are given the following sample information. Cups of Coffee Frequency 0 700 1 900 2 500 3 400 2,500 ? The expected number of cups of coffee is
A. 1. B. 1.24. C. 1.5. D. 1.03.
Debra and Lawrence have an equal partnership. This year, after expenses, the partnership had a profit of $200,000 . Debra and Lawrence will each pay taxes on:
a. whatever they receive from the partnership. b. $50,000. c. $100,000. d. None of the above. The partnership itself will pay the taxes on the business's profit.
Marketing intermediaries can reduce the cost of exchanges.
Answer the following statement true (T) or false (F)