Virginia Tech's Hokie Passport is an example of a smart card
Indicate whether this statement is true or false.
Answer: TRUE
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All of the following are normally found in a corporation's stockholders' equity section except
a. Common Stock b. Paid-In Capital in Excess of Par c. Dividends in Arrears d. Retained Earnings
Travelli Co sold merchandise to Trapani Co on account, $17,000, terms 2/15, net 45 . The cost of the merchandise sold is $15,400 . Tavella Co issued a credit memo for $1,750 for merchandise returned that originally cost $1,400 . The Trapani Co paid the invoice within the discount period. What is amount of net sales from the above transactions?
a. $17,000 b. $14,945 c. $15,250 d. None of these choices
In CASE 8.2 MacNeil Automotive Products, Ltd. v. Cannon Automotive, Ltd. (2010), MacNeil subcontracted with Canon Automotive to provide floor mats on automobiles. MacNeil claimed the mats were defective and breached the express warranty. The main question before the court was whether:
a. the sales talk constituted an implied warranty for fitness of purpose. b. the sales talk constituted an implied warranty of merchantability. c. the sales talk was puffery or an express warranty. d. the sales talk properly disclaimed all express warranties.
Refer to the scenario above. The fastest the project can be completed is:
A) 49 weeks. B) 46 weeks. C) 38 weeks. D) 35 weeks.