Retail Sales Company and Standard Purchasing Corporation enter into a contract for a sale of goods.To be enforceable, the contract should be in writing if the goods are valued at more than
A) $5
B) $15.
C) ?$50.
D) $500.
D
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Which of the following best describes any communication form that sends messages directly to a target market with the anticipation of an immediate or short-term response?
A) direct marketing B) radio advertising C) newspaper advertising D) public relations
All of the following conditions signal that revenue recognition may have been recorded too early except:
a. large and volatile amounts of uncollectible accounts receivable. b. a decrease in the number of days accounts receivable are outstanding. c. unusually large amounts of returned goods. d. excessive warranty expenditures.
All of the following are disadvantages of fair value use except:
A) fair values may not be readily obtainable. B) fair values may cause more fluctuations as change occurs from period to period. C) comparability between companies may be impacted by different fair value measurement. D) fair values can only be used on balance sheet accounts.
Shandling Company had operating income of $70,000, sales of $218,750, and turnover of 0.5. What is Shandling's ROI?
A) 32% B) 50% C) 16% D) 64% E) cannot be determined from this information