Premarital agreements on property distribution in the event of divorce:
A) Are void as against public policy
B) Are recognized only in second marriages.
C) Will not apply if there are children born to the marriage.
D) None of the above
D
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A woman returns a formal dress to your store, asking for a refund. The bodice is stained and the hemline is torn, but she says she is returning it unworn because it doesn't fit
Which of the following would be the best way to refuse her request for a refund? A) State that company policy prevents you from accepting the return but that if you had anything to say about it, you'd take it back, no questions asked. B) Restate her complaint to let her know you understand it, explain as positively as possible that you are unable to accept the return of damaged merchandise, and recommend a tailor who can fix the tear and alter the dress for her. C) Challenge the woman to try on the dress and prove that it doesn't fit. D) Use humor to soften the blow of your refusal. E) Let her know that she's not the first customer to try this, and threaten to call security.
Which of the following statements is CORRECT?
A. The statement of cash needs tells us how much cash the firm will require during some future period, generally a month or a year. B. The four most important financial statements provided in the annual report are the balance sheet, income statement, cash budget, and the statement of stockholders' equity. C. The balance sheet gives us a picture of the firm's financial position at a point in time. D. The income statement gives us a picture of the firm's financial position at a point in time. E. The statement of cash flows tells us how much cash the firm has in the form of currency and demand deposits.
On June 1, merchandise subject to terms 2/10, n/30 was sold on account to a customer for $26,500. On June 3, the customer returns $5,800 of that merchandise.a) What is the amount of cash collected by the seller if the payment is made by the customer on June 8?b) What is the amount of cash collected by the seller if payment is made by the customer on June 21?
What will be an ideal response?
Which of the following is ALWAYS TRUE about the purchases of existing businesses?
A) Once under new ownership, existing businesses outperform initial revenue projections. B) Once under new ownership, any underlying problems are the responsibility of the new owner. C) Once under new ownership, consumer curiosity about the new ownership will cause a spike in sales. D) Once under new ownership, remaining staff are suspicious or fearful of the new owner. E) Once under new ownership, existing customers will be resentful toward the new owner.