Chloe buys a motorcycle on eBay from Junior. In payment she gives him a promissory note for $7,000 . He immediately negotiates the note to Terry. After the motorcycle arrives, Chloe discovers that it is not as advertised. One week later, she notifies Junior. She still has to pay Terry because:
a. On eBay, the rule is "buyer beware.".
b. Terry's rights are not affected by Junior's misdeeds.
c. Terry indorsed the note.
d. Chloe is the drawee.
e. Chloe waited too long to complain.
.B
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Use this information to answer the following question. The selected accounts and balances for Keystone Market appear as follows: Advertising Expense $ 14,000 Common Stock 100,000 Dividends 21,000 Freight-In 7,000 Freight-Out Expense 10,000 Interest Income 24,000 Merchandise Inventory (Jan. 1) 70,000 Merchandise Inventory (Dec. 31) 56,000 Purchases 60,000 Purchases Returns and Allowances 4,000
Rent Expense 9,000 Retained Earnings 40,000 Sales 150,000 Sales Returns and Allowances 19,000 Wages Expense 32,000 The amount of net sales on the income statement would be a. $169,000. b. $144,000. c. $131,000. d. $137,000.
Which conflict management style resolves conflict through assertive give-and-take concessions?
a. negotiating b. accommodating c. avoiding d. forcing
For the next year, Hall & Co
predicts sales of 15,000 units of a product with a contribution margin of $6 per unit and 30,000 units of another product with a contribution margin of $10 per unit. The weighted-average contribution margin per unit is $8.67. Indicate whether the statement is true or false
Refer to the Balance Sheet Accounts of Greek Corporation. The value of total assets for the year-end is ________
A) $20,940 B) $11,090 C) $11,740 D) $6,450