During the development of commercial law centuries ago, businessmen throughout England and Europe
A. began to rely on the same set of laws used to govern land transactions.
B. began to rely on a body of rules called lex mercatoria.
C. had little need for laws to resolve commercial disputes.
D. had a vast body of rules governing contracts.
Answer: D
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Comet Company prepares monthly income statements. A physical inventory is taken only at year-end; hence, month-end inventories must be estimated. All sales are made on account. The rate of markup on cost is 50 percent. The following information relates to the month of May: Accounts receivable, May 1 ............................ $20,000 Accounts receivable, May 31
30,000 Collection of accounts receivable during May .......... 50,000 Inventory, May 1 ...................................... 36,000 Purchases of inventory during May ..................... 32,000 The estimated cost of the May 31 inventory is a. $24,000. b. $28,000. c. $38,000. d. $44,000.
Using either the textbook organization of A+ Tutors or another children’s services human services organization you are familiar with, describe the information requested as if you were preparing an organizational profile. A. Key customers B. Market Segment C. Stakeholders D. Competitors
What will be an ideal response?
A quality cost report is usually compiled by the purchasing department to show the added costs of purchasing higher quality components.
Answer the following statement true (T) or false (F)
Johnson and Johnson Health Care Hospital, decided to abolish the medical benefits of their employees. The hospital's union decided to hold a strike protesting the decision. According to Section 8(g) of the National Labor Relations Act, the union has to give a written notice in advance before conducting such an act within:? A) ?five days
B) ten days.? C) fifteen days.? D) twenty days.