The Uniform Commercial Code and the United Nations Convention of Contracts for the International Sale of Goods both hold that acceptances are effective when they are dispatched.

Answer the following statement true (T) or false (F)


False

Business

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Wagner's Bookstore acquires a 6% $12,000 certificate of deposit on September 1 . The term of the CD is six months. At that time, all principal and accrued interest will be paid in cash. Indicate the effect on the financial statements at December 31

a. Interest Receivable increases $240, Interest Revenue increases $240 b. Interest Receivable increases $360, Interest Revenue increases $360 c. Interest Receivable increases $480, Interest Revenue increases $480 d. Interest Receivable increases $720, Interest Revenue increases $720

Business

Competitive advertising that makes specific brand comparisons-using actual names-is ________ advertising.

A. direct competitive B. cooperative C. comparative D. institutional E. pioneering

Business

Identify each cost below as variable (V), fixed (F), or mixed (M), relative to units sold. Explain the reason for your answer.

Business

The normal balance of a capital account is a debit

Indicate whether the statement is true or false

Business