An express warranty requires that the warranty be expressed in words
a. True
b. False
Indicate whether the statement is true or false
False
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The following information pertains to Raleigh Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume 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 for this company? A) 1.42 B) 0.78 C) 1.58 D) 0.67
Because of ________, many companies have altered their no-questions-asked return policies to include time limits, restocking fees, and store-credit-only refunds.
A. government regulations B. Better Business Bureau guidelines C. high costs D. well-publicized liability cases E. accounting concerns
Ironworks Industries paid $120,000 for a machine with a $10,000 salvage value and an estimated life of 200,000 hours. Ironworks reports on a calendar year basis and used the machine for 2,500 hours during the first year it owned the asset. Which of the following statements accurately compare the first year depreciation expense if the asset had been purchased on January 1 of the current year
versus a March 1 acquisition date. (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.) A) Depreciation Expense if acquired January 1 is $1,375 and if acquired March 1 is $1,146. B) Depreciation Expense if acquired January 1 is $1,375 and if acquired March 1 is $1,031. C) In both cases, the Depreciation Expense is $1,375. D) Depreciation Expense if acquired January 1 is $1,500 and if acquired March 1 is $1,250.
Discuss shared leadership in an organization.
What will be an ideal response?