It is not a requirement of a negotiable instrument that it
a. be payable in money.
b. be payable at a specified or determinable time.
c. be payable at a definite time.
d. contain an unconditional promise to pay.
C
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Which of the following is a long-term solvency ratio?
a. Return on equity b. Dividends yield c. Debt to equity ratio d. Payables turnover
Mystic Falls Inc Mystic Falls Inc bottles and sells a popular soft drink. In 2011, the company had expected to sell 1,000,000 bottles but actually bottled and sold 900,000 bottles. The standard direct materials cost for each bottle is $.40 comprised of 10 ounces at a cost of $.04 per ounce. During 2011, 10,000,000 ounces of material were purchased out of which 9,200,000 ounces were used at a cost
of $.05 per ounce. Refer to the Mystic Falls Inc information above. The direct materials usage variance for 2011 was: A) $ 8,000 U. B) $ 8,000 F. C) $40,000 U. D) $40,000 F.
In which stage of the product life cycle are promotional strategies geared toward reminding consumers about the product and its value to them?
A. growth B. introduction C. maturity D. decline E. beginning
A purchaser of all the assets normally does not assume the liabilities of that company
a. True b. False Indicate whether the statement is true or false