A buyer is obliged to accept conforming goods and to pay for them according to the contract terms
a. True
b. False
Indicate whether the statement is true or false
True
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Information related to the Berkley Company for the calendar year 2015 follows: Liabilities, December 31, 2015 $400 Assets, December 31, 2015 700 Dividends distributed during 2015 90 Liabilities, December 31, 2014 250 Assets, December 31, 2014 350 ? Assuming no capital stock was issued during 2015, the net income earned by the Berkley Company during 2015 was
A) $110 B) $200 C) $260 D) $290
Which of the following best describes trend analysis?
A) calculating key ratios to evaluate performance B) expressing each financial statement amount as a percentage of a budgeted amount C) comparing a company's financial statements with that of other companies D) expressing each year's financial statement line item as a percentage of the base year amount
Zeal is a popular automobile brand, and its positioning statement is: "For upscale American families who require large vehicles, Zeal is the automobile of choice." Which of the following mandatory elements is missing from the positioning stateme
A) point of difference B) target audience C) brand name D) product category E) need
Logan Inc plans to double its rental space next year which will increase its fixed costs by 30% while variable costs will remain the same. Current year costs are as follows: Variable costs $20 per unit Fixed costs $15,000 If next year production is expected to be 13,500 units, estimated total costs will be:
A) $289,500. B) $270,000. C) $285,000. D) $250,500.