A manufacturer having a restriction on territories in the form of a sole outlet is a per se violation
Indicate whether the statement is true or false
False
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On November 1, 2019, Alpha Omega, Inc. sold merchandise for $15,000, FOB destination, with payment terms, n/30. The cost of goods sold was $5,100. On November 3, the customer returns on this sale amounted to $6,000. The company received the balance on November 9, 2019. Calculate the cost of goods sold from these transactions.
A) $2,040 B) $5,940 C) $5,100 D) $3,060
The type of audit evidence known as inquiry does not ordinarily provide sufficient audit evidence of the absence of a material misstatement, nor is it alone sufficient to test the operating effectiveness of controls
a. True b. False Indicate whether the statement is true or false
Columbia Manufacturing Corp purchased a new lathe machine for its baseball bat manufacturing plant on January 1 . The machine cost $12,000 and is expected to be used in production for 4 years at which time its estimated salvage value will be $2,000 . The yearly straight-line depreciation for this asset would be
a. $2,500 b. $3,000 c. $4,000 d. $12,000 e. $9,500
According to one perspective, “leaders are those who (1) best represent the values of their followers, and (2) are better at solving their followers’ problems and achieving their goals”. This defines:
a. the power perspective definition of leadership b. facilitative leadership c. the leaders as representatives perspective d. the superior skills perspective of leadership