Lena is a salesperson for Musical Instruments, Inc She tells Nayda, a customer, that an instrument has a certain quality when, as Lena knows, it does not. In reliance, Nayda buys the instrument. Liable for this misrepresen-ta¬tion is
a. no one.
b. Lena.
c. Musical Instruments.
d. Nayda.
B
Business
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Journalize the following transaction for a merchandiser that uses the perpetual inventory system. Received returned goods from a customer, $1,000 (cost, $740). The goods were sold on account. Omit explanation.
What will be an ideal response?
Business
A retained earnings statement explains the change in the amount of retained earnings during the year
Indicate whether the statement is true or false
Business
Under the CISG, the offeree's silence is usually interpreted as an acceptance
Indicate whether the statement is true or false
Business
Clairmont Industries reported Net income of $283,000 and average Total assets of $637,000. The Return on total assets is:
A. 125.1%. B. 55.6%. C. 88.8%. D. 44.4%. E. 61.5%.
Business