Jim is an appliance salesperson. To make a sale, he asserts that a certain model of a Kitchen Helper refrigerator is the "best one ever made." This is
A) fraud if the statement is the truth
B) fraud if Jim believes that this statement is not true.
C) fraud if Jim is stating his opinion, not the facts.
D) not fraud.
D
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The statement of cash flows, like the income statement, reports only operating activities of a company
a. True b. False Indicate whether the statement is true or false
American firms contribute to reverse brain drain from the U.S. by
A. outsourcing knowledge work, which pulls talent back to the home country. B. hiring globally. C. encouraging their best U.S. researchers to accept foreign postings. D. terminating foreign workers.
A person who has committed securities fraud is prohibited from acting as an officer or director
of a corporation under the provisions of the Sarbanes-Oxley Act of 2002. Indicate whether the statement is true or false
A firm produces three products. Product A sells for $60; its variable costs are $20. Product B sells for $200; its variable costs are $120. Product C sells for $25; its variable costs are $10
Last year, the firm sold 1000 units of A, 2000 units of B, and 10,000 units of C. The firm has fixed costs of $320,000 per year. Calculate the break-even point of the firm.