Jasmine receives an unsolicited credit card in the mail and tosses it on her desk. Without Jasmine's permission, her roommate Ilene uses the card to buy a new tablet for $500 . Jasmine is
a. liable for $500.
b. liable for $250.
c. liable for $50.
d. not liable for any amount.
d
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All of the following are factors contributing to the trend for regulators to adopt accounting principles using fair value concepts except
a. a greater percentage of total assets existing as receivables and securities b. pressure on regulators to adopt an international set of accounting principles and standards c. hybrid measurement methods within GAAP that conflict with each other d. the ease of applying market values to assets and liabilities
The role of managerial accounting in organizations is the same as it has been over many years.
Answer the following statement true (T) or false (F)
If you are working part time while going to school and have no dependents other than yourself, do not itemize deductions and have no capital asset transactions, which Federal Income Tax return form should you file?
A) 1040EZ B) 1120 C) 1040X D) Since you are part time and make just a few thousand dollars, you do not need to file an income tax return.
Bonilla Inc. has a $700,000 investment opportunity with the following characteristics: Sales$2,240,000 Contribution margin ratio 40% of salesFixed expenses$739,200 ?The ROI for the investment opportunity is closest to:
A. 22.4% B. 128.0% C. 7.0% D. 21.2%