In claiming that the concept of negligence should include the standard of the "reasonable" person who is a thoughtful, reflective, and judicious decision maker, we are surely asking no more of the average consumer than he or she is capable of giving.
Answer the following statement true (T) or false (F)
False
You might also like to view...
A manufacturer of premium wire strippers has supplied the following data: Units produced and sold 580,000Sales revenue$4,176,000Variable manufacturing expense$2,871,000Fixed manufacturing expense$778,000Variable selling and administrative expense$348,000Fixed selling and administrative expense$104,000Net operating income$75,000The company's unit contribution margin is closest to:
A. $6.60 per unit B. $2.25 per unit C. $5.55 per unit D. $1.65 per unit
Using the Analysis ToolPak add-in, run two regression models using returns from Xcel Energy and NVIDIA. Your dependent variable will be the Xcel Energy or NVIDIA monthly returns, and the independent variable will be the S&P 500 returns. Compare the R2 from both regressions.
What will be an ideal response?
Availability, time idle, and average call duration are all examples of individual performance goals.
Answer the following statement true (T) or false (F)
On September 12, Ryan Company sold merchandise in the amount of $5,800 to Johnson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Ryan uses the periodic inventory system and the net method of accounting for sales. On September 14, Johnson returns some of the merchandise. The selling price of the merchandise is $500 and the cost of the merchandise returned is $350. Johnson pays the invoice on September 18, and takes the appropriate discount. The journal entry that Ryan makes on September 18 is:
A.
| Cash | 5,194 | |
| Sales discounts | 106 | |
| Accounts receivable | 5,300 |
B.
| Cash | 5,194 | |
| Accounts receivable | 5,194 |
C.
| Cash | 5,684 | |
| Sales discounts | 116 | |
| Accounts receivable | 5,800 |
D.
| Cash | 5,800 | |
| Accounts receivable | 5,800 |
E.
| Cash | 5,684 | |
| Accounts receivable | 5,684 |