When a treaty and a right declared under a subsequent federal statute conflict, the treaty must prevail
Indicate whether the statement is true or false
False
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________ of goods occurs when a buyer, after having reasonable opportunity to inspect the goods, either indicates that he will take them or fails to reject them.
A. Notification of shipment B. Acceptance C. Improper delivery D. Assurance of performance
Answer the following statements true (T) or false (F)
1. Fixed costs divided by contribution margin per unit equals the breakeven point in unit sales. 2. Fixed costs divided by the contribution margin ratio equals the breakeven point in sales dollars. 3. In a cost-volume-profit (CVP) graph, the breakeven point is where the sales revenue line intersects the fixed cost line. 4. The breakeven point is the point where the sales revenues are equal to the total variable costs plus the total fixed costs. 5. Sensitivity analysis allows managers to see how various business strategies will affect profit levels.
The duty of care that each of us must follow is to behave as a reasonable person
a. True b. False Indicate whether the statement is true or false
Fetzer Company declared a $0.45 per share cash dividend. The company has 440,000 shares authorized, 418,000 shares issued, and 17,600 shares in treasury stock. The journal entry to record the payment of the dividend is:
A. Debit Retained Earnings $180,180; credit Common Dividends Payable $180,180. B. Debit Retained Earnings $188,100; credit Common Dividends Payable $188,100. C. Debit Retained Earnings $198,000; credit Common Dividends Payable $198,000. D. Debit Common Dividends Payable $188,100; credit Cash $188,100. E. Debit Common Dividends Payable $180,180; credit Cash $180,180.