Apparent authority usually comes into existence through a principal's pattern of conduct over time
Indicate whether the statement is true or false
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A company purchases merchandise with a catalog price of $28,500. The company receives a 40% trade discount from the seller. The seller also offers credit terms of 1/10, n/30. Assuming no returns were made and that payment was made within the discount period, what is the net cost of the merchandise?
A. $16,571. B. $17,100. C. $11,571. D. $16,929. E. $11,400.
The difference between a company's assets and its liabilities, or net assets is:
A. Expense. B. Net income. C. Revenue. D. Net loss. E. Equity.
A company would most likely have an unfavorable labor rate variance and a favorable labor efficiency variance if
a. the mix of workers used in the production process was more experienced than the normal mix. b. the mix of workers used in the production process was less experienced than the normal mix. c. workers from another part of the plant were used due to an extra heavy production schedule. d. the purchasing agent acquired very high quality material that resulted in less spoilage.
When a plural noun ends in "s," its possessive is formed by adding:
A. only an "es" at the end of the word. B. an apostrophe and an "s" at the end of the word. C. only an apostrophe at the end of the word. D. only an "s" at the end of the word.