________ are like coupons except that the price reduction occurs after the purchase rather than at the retail outlet
A) Rebates
B) Promotional products
C) Premiums
D) Samples
E) Price packs
A
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Pascal is a buyer for Kelly Benjamin department store in Kentucky. While Pascal was buying visiting California, he found a solar car on sale for $3,000. Pascal contracts to buy the car for Kelly Benjamin, who wants to buy a solar car. Kelly instructs the seller to ship the car. Under these circumstances:
A. Kelly is not liable since Pascal made the purchase. B. Pascal is considered to have ratified the contract. C. Pascal and Kelly are both liable on the contract. D. Kelly is considered to have ratified the contract.
If assets increase $500 and liabilities decrease $200 during the period, owner's equity will:
a. increase $500. b. increase $400. c. decrease $700. d. decrease $600. e. increase $700.
If the inflation rate in Mexico was twice the rate in the United States, but the Mexican monetary authorities kept the peso-dollar exchange rate almost constant, which of the following would be true?
A. Mexican products would be more expensive, while U.S.-made products would become comparatively less expensive. B. The high inflation rate in Mexico would mean that its products would cost less overall. C. Mexican products would be less expensive, while U.S.-made products would become comparatively more expensive. D. The high inflation rate in Mexico would increase its citizens' purchasing power. E. U.S.-made products would become less attractive to purchase.
A company issued 145 shares of $100 par value common stock for $15,500 cash. The total amount of paid-in capital is:
A. $14,500. B. $1000. C. $100. D. $15,500. E. $1450.