Liquids such as oil and natural gas can be transported through pipelines

Indicate whether the statement is true or false


TRUE

Business

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When done conscientiously and with a solid understanding of the quota characteristics, quota sampling can rival probability sampling in the minds of some researchers

Indicate whether the statement is true or false

Business

The Wilson Company purchased $44,000 of merchandise from the Poole Wholesale Company. Wilson also paid $3,000 for freight costs to have the goods shipped to its location. The company uses the perpetual inventory system. Which of the following summarizes the effects of the journal entries required to record these transactions for The Wilson Company? (Consider the effects of both business events.)

A. Total debits to the inventory account would be $41,000. B. Total debits to the inventory account would be $47,000. C. Total debits to the inventory account would be $44,000. D. Transportation-in would be debited for $3,000.

Business

In contrast to a partnership, every member of an LLC has limited liability for the LLC's debts.

Answer the following statement true (T) or false (F)

Business

Fruits & Vegetables, Inc., and Grover's Market enter into a contract for the delivery of locally grown produce. The parties use a standard Fruits & Vegetables form that contains some of the terms the parties agree on but not others. Some of the produce spoils before it can be sold. Grover's refuses to pay for the spoiled goods.Refer to Fact Pattern 19-1B. Fruits & Vegetables files a suit against Grover's, claiming that the buyer assumed the risk of the spoilage of the unsold produce. The court may allow evidence of this term if it finds that the parties' contract is

A. fully integrated. B. not fully integrated. C. not supported by consideration. D. a complete and final statement of their agreement.

Business