Sales returns and allowances are deducted from gross sales on the income statement
Indicate whether the statement is true or false
True
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The markup percentage includes the gross margin in the computation of the selling price
Indicate whether the statement is true or false
Information technology can enable departments to efficiently and effectively perform their core ________.
A. Facts B. Feedback mechanisms C. Media issues D. Business operations
Hartman, who worked for Aratize Inc for 25 years, decides to retire. Upon hearing the news of his retirement, the president of Aratize announces a bonus of $250,000 to Hartman for his exceptional services toward Aratize thus far
But upon retiring, Hartman isn't paid the bonus. Hartman decides to sue the president and Aratize to recover the promised bonus. Which of the following is true in this case? A) It will be enforceable in court because it is a gift promise. B) It will not be enforceable in court because of past consideration. C) It will not be enforceable because the president is not authorized to make such a promise. D) It will not be enforceable because it is an unlawful consideration.
Incorporation statutes generally require that each share of stock issued carry voting rights
a. True b. False Indicate whether the statement is true or false