A mechanic, who repairs a motor car and is not paid for his services, can sell the car to
recover the cost of his services.
Indicate whether the statement is true or false
TRUE
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Trade contests encourage sales by making rewards and prizes available to brokers, salespeople in retail stores, wholesalers, and agents
Indicate whether the statement is true or false
Which of the following is true of adopting the Restatement (Third) of Torts: Product Liability?
A) The seller's liability differed depending on whether the defect was a manufacturing defect, a design defect, or a defective warning. B) The seller's liability differed depending on whether the plaintiff was a merchant, a consumer, or a minor. C) The privity limitation was reinstated as a defense to product liability lawsuits. D) The state-of-the-art defense is permitted by courts in most strict liability cases.
The accountant for Crusoe Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year$128,000?Cash dividends declared for the year 48,000?Proceeds from the sale of equipment 83,000?Gain on the sale of equipment 7400?Cash dividends payable at the beginning of the year 20,000?Cash dividends payable at the end of the year 22,400?Net income for the year 94,000?What is the ending balance for retained earnings?
A. $178,000. B. $174,000. C. $280,000. D. $204,000. E. $252,000.
When a customer calls and requests a refund for a partial month’s usage of the cable service, the fact that such situations are routine and most likely have a standard response would make the response a(n)____________decision.
A. No programmed B. Unstructured. C. Programmed. D. Speculative