If a company purchases $3,000 worth of inventory with terms of 1/15, n30 and pays within 15 days, then the amount paid to the seller would be
a. $2,550
b. $2,970
c. $3,000
d. $3,030
b
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Given the various breach of warranty remedies available to buyers under the Uniform Commercial Code (UCC), courts no longer recognize negligence theory to impose liability on the manufacturer or seller of goods for personal injury or property damage that results from the use of the goods.
Answer the following statement true (T) or false (F)
Ads for an airline promote its last minute fare savers program. This program is one way to deal with the service characteristic of perishability
Indicate whether the statement is true or false
The loading expenses plus a fair rate of return minus any investment income is the starting point for the calculation of the risk premium for an insurance policy
Indicate whether the statement is true or false
A television ratings company surveys 100 viewers on March 1 and April 1 to find out what is being watched at 6:00 p.m.—the local NBC affiliate's local news, the CBS affiliate's local news, or "Other" which includes all other channels and not watching TV. The results show the following:
a. What are the numbers in each choice for April 1?
b. What is the transition matrix?
c. What ratings percentages do you predict for May 1?