To specifically disclaim an implied warrant of merchantability, a seller or lessor must mention the word merchantability

Indicate whether the statement is true or false


True

Business

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Unrealized gains and losses on trading securities are not included in the calculation of income from operations

a. True b. False Indicate whether the statement is true or false

Business

A mixed cost has both fixed and variable elements

Indicate whether the statement is true or false

Business

The following convertible securities will have a dilutive impact on earnings per share: (1 ) 10% convertible preferred stock with dividends of $7,000 declared during the year and shares convertible into 2,500 common shares (2 ) 6% convertible bonds with interest expense (net of taxes) of $8,000 and convertible into 3,500 common shares (3 ) 8% convertible bonds with interest expense (net of taxes)

of $5,000 and convertible into 1,600 common shares ? What is the appropriate ranking of items 1, 2, and 3 above to indicate their impact on diluted earnings per share calculations from most dilutive to least dilutive? A) 1, 2, 3 B) 3, 1, 2 C) 2, 1, 3 D) 1, 3, 2

Business

The situational approach labels leaders’ styles specifically as ______.

A. initiating structure and consideration B. high task and low task C. task and relationship D. directive and supportive

Business