Contract duties are not assigned-they are delegated
Indicate whether the statement is true or false
True
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Which of the following is NOT one of the factors that constitute trust?
A. Dependability B. Honesty C. Spontaneity D. Likability E. Competence
Upon review of Jerry's Canoe Gallery statement of cash flows, the following was noted: Cash flows from operating activities $ 75,000 Cash flows from investing activities (135,000) Cash flows from financing activities 125,000 From this information, the most likely explanation is that Jerry is
a. using cash from operations and selling long-term assets to pay back debt. b. using cash from operations and borrowing to purchase long-term assets. c. using its profits to expand growth. d. using cash from investors to provide for operations.
With regards to financial statements, "pro forma" means:
A. Financial condition or position that can be expected if planning assumptions prove correct. B. Prepared in advance. C. Budgeted. D. All of the answers are correct.
Techilex delivers timber directly to furniture manufacturers. The company takes legal possession of the timber it distributes. The company does not physically process timber but it facilitates timber's safe delivery to the clients. In this scenario, Techilex is a(n) _____.
A. agent B. broker C. drop shipper D. truck Jobber