The most common method of perfecting a security interest under Article 9 is filing a completed financing statement
a. True
b. False
Indicate whether the statement is true or false
True
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Lee Company has the following information for the pay period of December 15–31: Gross payroll $16,000 Federal income tax withheld $4,000 Social security rate 6% Federal unemployment tax rate 0.8% Medicare rate 1.5% State unemployment tax rate 5.4% Assuming no employees are subject to ceilings for taxes on their earnings, Salaries Payable would be recorded for
a. $16,000 b. $9,808 c. $10,800 d. $11,040
Shareholders of a corporation act as agents of the corporation
Indicate whether the statement is true or false
A high self-monitoring person has a strong tendency to tell other people what they want to hear
Indicate whether the statement is true or false.
Recycle Packaging, Inc., agrees to sell 50,000 6-ounce yogurt containers to Organic Dairy Company. Recycle can obtain only 20,000 of the 6-ounce containers, but also ships 30,000 more expensive 8-ounce containers for the same price. Organic rejects the 8-ounce containers. With time for performance not yet expired, Recycle can
A. attempt to cure the defect. B. cancel the contract. C. recover the purchase price plus incidental damages. D. resell or dispose of the goods and hold Organic liable for any loss.