The following will prevent an employee from recovering compensation:
a) assumption of risk
b) contributory negligence
c) false representations
d) injured by another employee
e) none
C
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The cost of merchandise inventory is limited to the purchase price less any purchase discounts
Indicate whether the statement is true or false
Wenthorp Enterprises decreased the selling price for its product from $10.00 to $9.00 a unit when total fixed costs decreased from $200,000 to $150,000 and variable cost per unit of $ 5 remained unchanged. How would these changes affect the break-even point?
a. The break-even point in units would be decreased. b. The break-even point in units would remain unchanged c. The effect cannot be determined from the information given. d. The break-even point in units would be increased.
While a minor, Jason buys a large-screen HD TV and home theatre system that he continues to use after reaching the age of majority. After a reasonable time has passed, Jason will be considered to have
A. disaffirmed the contract. B. ratified the contract. C. rejected the contract. D. rescinded the contract.
The antifraud provisions of the 1933 Act pertain to both unregistered and registered securities
Indicate whether the statement is true or false