Final regulations can take effect on any of the following dates except

A. the effective date of the statutory language they interpret, provided they are issued within 18 months of the date of the change to the statute.
B. the date on which final regulations were proposed.
C. the date on which they were issued in final form.
D. the date on which related temporary regulations were first published in the Federal Register.


Answer: A

Business

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The theory of constraints accepts existing system bottlenecks and works to maximize throughput given these constraints, while value stream mapping endeavors to understand how existing processes can be altered to eliminate bottlenecks and other

wasteful activities. Indicate whether the statement is true or false

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On March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,500. Klein uses the perpetual inventory system and the net method of accounting for sales. On March 15, Babson returns some of the merchandise, which is not defective. The selling price of the returned merchandise is $600 and the cost of the merchandise returned is $350. The entry(ies) that Klein must make on March 15 is (are):

A.

Accounts receivable600 
Sales returns and allowances 600
Cost of Goods Sold350 
Merchandise inventory 350

B.
Sales returns and allowances588 
Accounts receivable 588
Merchandise inventory350 
Cost of goods sold 350

C.
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Accounts receivable 588
Merchandise inventory343 
Cost of goods sold 343

D.
Sales returns and allowances350 
Accounts receivable 350

E.
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Sales returns and allowances 600

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Olga, a salesperson for Pre-owned Cars & Trucks, Inc., tells Quincy, "This is the best car I've ever seen." This statement is

A. an express warranty. B. an implied warranty. C. a warranty of title. D. puffery.

Business