"I accept your offer. Please include the floating dock on the lake near the cabin," is an acceptance
Indicate whether the statement is true or false
False
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The law states that advertising to children cannot exceed 12 minutes per hour during weekdays. Which organization is responsible for making sure this time limit is not exceeded?
A) Federal Communications Commission B) Federal Trade Commission C) Food and Drug Administration D) United States Postal Service
Which of the following is an alternative when original documents are too voluminous to permit careful examination?
a. A photocopy of the original document will suffice. b. It will have to be excluded from usage as evidence. c. A summary of its contents is acceptable. d. There are no alternatives. The original has to be produced.
Which of the following is not true?
a. Owners of preferred stock have a claim on the assets of a firm that is senior to the claim of common shareholders. b. Preferred shares carry special rights. c. The senior status and special rights may induce certain investors to purchase preferred shares of a firm, even though they would be unwilling to purchase common shares of the same firm. d. The senior status and special rights decrease the risks of preferred shareholders relative to common shareholders. e. Jurisdictional laws dictate the rights and obligations of the issuing firm and of the investor in the preferred shares.
A company had the following purchases and sales during its first year of operations: PurchasesSalesJanuary:10 units at $1206 unitsFebruary:20 units at $1255 unitsMay:15 units at $1309 unitsSeptember:12 units at $1358 unitsNovember:10 units at $14013 units On December 31, there were 26 units remaining in ending inventory. Using the Perpetual LIFO inventory valuation method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)
A. $3,200. B. $3,405. C. $3,270. D. $5,400. E. $3,364.