Ernest operates an ice cream stand during the months of May, June, July, and August. Ernest's ice cream machine is broken and needs a new part to run. He contracts to have the part shipped to him by special carrier. Ernest emphasizes that the part needs to be delivered by April 25 and the carrier agrees, knowing that Ernest intends to open his stand May 1. If the shipper fails to deliver the part
on April 25, Ernest will be able to recover consequential damages caused by the delay.
Indicate whether the statement is true or false
True
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The balances in the unadjusted columns of a work sheet will agree with:
A. whatever balances management has decided to report. B. the balances reflected in the company's unadjusted trial balance. C. the balances reflected in the company's financial statements. D. the balances management budgeted for the accounting period. E. the balances in the company's post-closing trial balance.
Seattle Corporation identifies an investment opportunity that will yield end of year cash flows of $30,000 in both Year 1 and Year 2, $35,000 in both Year 3 and Year 4, and $40,000 in Year 5. The investment will cost the firm $100,000 today, and the firm's required rate of return is 10 percent. What is the net present value (NPV) for this investment?
A. $23,653.26 B. $27,104.46 C. $44,226.00 D. $70,000.00 E. $35,768.45
Measuring effectiveness during a campaign is usually accomplished by using
A. pretests. B. posttests. C. consumer juries. D. inquiries. E. sales force surveys.
Charles owns 1,000 shares of stock in Temperan, Inc Charles wants to obtain corporate records including the corporation's minute book and accounting records. Under the Model Act, Charles is entitled to this information if he requests it in good faith and A)?he owns at least 1 percent of the company or $2,000 of stock
B)?he is an employee of Temperan. C)?he is a controlling shareholder. D)?he has a proper purpose.