Carriers are liable for damages equal to the value of the goods regardless of how their value is stated on the bill of lading

Indicate whether the statement is true or false


False

Business

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Closing entries are required:

A. So that Revenue, expense, and dividends accounts must begin each period with zero balances. B. If management has decided to cease operating the business. C. Only if the company adheres to the accrual method of accounting. D. If a company's bookkeeper does not choose to prepare reversing entries. E. In order to satisfy the Internal Revenue Service guidelines.

Business

Why are people that are reached by direct mail better prospects for a company than those reached by mass media such as television or magazines?

What will be an ideal response?

Business

Corinne is responsible for hiring new sales employees, establishing sales objectives and making sure senior management is kept informed of market trends and competitive actions. Corinne works as a ________ ________.

Fill in the blank(s) with the appropriate word(s).

Business

A company has two departments, Y and Z that incur wage expenses. An analysis of the total wage expense of $19,000 indicates that Dept. Y had a direct wage expense of $2,000 and Dept. Z had a direct wage expense of $3,500. The remaining expenses are indirect and analysis indicates they should be allocated evenly between the two departments. Departmental wage expenses for Dept. Y and Dept. Z, respectively, are:

A. $10,250; $8,750. B. $2,000; $3,500. C. $8,750; $10,250. D. $6,750; $6,750. E. $9,500; $9,500.

Business