NAFTA seeks to phase out all trade and tariff barriers between the United States and Asia
Indicate whether the statement is true or false
FALSE
You might also like to view...
When an agent’s acts create the appearance of an agency that does not in fact exist, the principal is estopped to deny the agency relationship.
Answer the following statement true (T) or false (F)
Salah's net income for the year ended December 31, Year 2 was $175,000. Information from Salah's comparative balance sheets is given below. Compute the cash paid for dividends during Year 2.At December 31Year 2Year 1Common Stock, $5 par value$500,000 $450,000 Paid-in capital in excess of par 948,000 853,000 Retained earnings 688,000 582,000
A. $95,000. B. $201,000. C. $79,000. D. $50,000. E. $69,000.
The gross margin ratio:
A. Should be greater than 1 for merchandising companies. B. Is a measure of liquidity and should exceed 2.0 to be acceptable. C. Indicates the percent of sales revenue remaining after covering the cost of the goods sold. D. Is also called the profit margin. E. Is also called the net profit ratio.
The Long Bow Manufacturing Co makes various sporting goods products including skateboards and sells directly to retailers. After purchasing and using a skateboard from Long Bow, Lester, age 18, was injured and wished to sue for her injuries. She decided to sue Long Bow on the basis of negligence. Would this theory provide her the best chance of winning her case?