The bill of lading is a legal contract between the buyer and the seller
Indicate whether the statement is true or false
F
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Galveston Excursons Corporation is considering the purchase of a new ocean-going vessel that could potentially reduce labor costs of its operation by a considerable margin. The new ship would cost $600,000 and would be fully depreciated by the straight-line method over 15 years. At the end of 15 years, the ship will have no value and will be scuttled. Galveston Excursons' cost of capital is 14
percent, and its marginal tax rate is 35 percent. Refer to Galveston Excursons Corporation. If the ship produces equal annual labor cost savings over its 10-year life, how much do the annual savings in labor costs need to be to generate a net present value of $0 on the project? (Round to the nearest dollar.) Present value tables or a financial calculator are required. a. $ 83,685 b. $ 97,685 c. $146,906 d. $226,008
The chronological résumé ________
A) is a nontraditional format B) lists content in sequential order, starting with the oldest and working forward C) highlights education and work experience as the primary assets of the applicant D) is more appropriate for those applicants who have limited work experience related to the position E) emphasizes the skills that qualify an applicant for the position
Seymore Corp. has the following number of shares of stock outstanding: Cumulative preferred stock, 8%, $100 par2,000shares Common stock, $12 par20,000shares Seymore will distribute $80,000 to the two classes of stockholders this year. Not counting the current year, the preferred stock dividends are one year in arrears. Indicate whether each of the following statements is true or false._____ a) Preferred stockholders will receive $16,000 of cash dividends in the current year._____ b) After all required preferred dividends are paid, preferred and common stockholders will share the remaining dividend._____ c) Common stockholders will receive $48,000 of cash dividend in the current year._____ d) The amount of common dividends per share that stockholders will receive in the current
year is $6.40._____ e) The amount of dividends in arrears is zero after the $80,000 of dividends have been paid. What will be an ideal response?
Data concerning Neuner Corporation's single product appear below: Per UnitPercent of SalesSelling price$220 100%Variable expenses 88 40%Contribution margin$132 60% Fixed expenses are $425,000 per month. The company is currently selling 4,000 units per month. Required:The marketing manager would like to cut the selling price by $11 and increase the advertising budget by $23,700 per month. The marketing manager predicts that these two changes would increase monthly sales by 400 units. What should be the overall effect on the company's monthly net operating income of this change?
What will be an ideal response?