Under the shelter rule, a person who is not a holder in due course can obtain the rights of a holder in due course
Indicate whether the statement is true or false
True
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Greer has a report that will require some extra assistance from her coworkers who are also her friends. She is hoping that they will jump on board considering she just had a great BBQ for them last weekend. Which tactic is Greer using to influence her coworkers?
a. Personal appeals b. Rational appeals c. Coalition building d. Inspirational appeals
A gun manufacturer in Helena, Montana agrees to sell guns and ammunition to the ATF in Washington, D.C. The terms of the contract specify that the goods are to be shipped "FOB, Chicago." When does the buyer acquire title and risk of loss?
a. When the goods reach Chicago. b. When the goods are delivered to the carrier in Montana. c. When the goods are tendered in Washington D.C. by the carrier. d. When the goods reach Washington D.C.
Johnson Inc. owns control over Kaspar Inc. Johnson reports sales of $400,000 during 2018 while Kaspar reports $250,000. Kaspar transferred inventory during 2018 to Johnson at a price of $50,000. On December 31, 2018, 30% of the transferred goods are still held in Johnson's inventory. Consolidated accounts receivable on January 1, 2018 was $120,000, and on December 31, 2018 is $130,000. Johnson uses the direct approach in preparing the statement of cash flows. How much is cash collected from customers in the consolidated statement of cash flows?
A. $590,000. B. $635,000. C. $610,000. D. $625,000. E. $650,000.
Return on Sales (ROS) is also called a(n) ________.
A. contribution margin B. gross margin C. profit margin D. operating margin