Roger, a minor, buys a stereo from Tuneland, Inc Roger uses the stereo for a few months, returns it to Tuneland, and demands his money back. In a majority of states, Roger may return the stereo and he does not have to pay for the use of the stereo or the damages
a. True
b. False
Indicate whether the statement is true or false
True
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What is a major recruiting strength for many not-for-profit organizations? What are some of the typical areas of involvement for these organizations?
What will be an ideal response?
Work-in-process inventory is devoted to maintenance, repair, and operating materials
Indicate whether the statement is true or false
Top-Shelf Construction discovered that for every 1 percent decrease in its sales, its earnings before interest and taxes (EBIT) decrease by 3.2 percent. Based on this information, we know that Top-Shelf Construction has a:
A. debt/assets ratio equal to 3.2 times its debt/equity ratio. B. degree of operating leverage (DOL) equal to 3.2. C. current ratio (= Current assets/Current liabilities) equal to 3.2. D. degree of total leverage equal to 3.2. E. degree of financial leverage (DFL) equal to 3.2.
Which of the following is a product cost for a manufacturing company?
A) salary of administrative staff B) wages paid to factory janitor C) commissions paid to sales staff D) depreciation on corporate building