Tom's Timber Outlet and Olivia, a consumer, enter into a contract for a sale of plywood. If the contract includes a clause that is perceived as grossly unfair to Olivia, its enforcement may be challenged under
A. the mirror image rule.
B. the principle of fair trade.
C. the predominant-factor test.
D. the doctrine of unconscionability.
Answer: D
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An amount on which no federal income tax is withheld from the employee's pay is called a(n)
a. wage bracket amount; b. withholding allowance; c. special withholding allowance; d. additional withholding allowance; e. charge.
Wisconsin Farm Equipment Company sold equipment for cash. The income statement shows a loss on the sale of $7000. The net book value of the asset was $28,900. Which of the following statements describes the cash effect of the transaction?
A) positive cash flow of $35,900 from financing activities B) negative cash flow of $21,900 for operating activities C) negative cash flow of $21,900 for financing activities D) positive cash flow of $21,900 from investing activities
Kriyoto Inc. is a retailer of printers, scanners, and other office equipment. It announced a cash refund for corporate purchases in quantities more than ten
Rick purchased ten color printers for his office from Kriyoto during this sale. To avail the cash refund, he had to mail in a proof of purchase, purpose of purchase, proof of his company's legality, and his cash register receipt. In this case, Rick has received a: a. premium. b. trade allowance. c. push money. d. rebate.
Including an even number of choices on a rating scale is advisable to eliminate the tendency of some groups to choose the noncommittal mid-point on the range
Indicate whether the statement is true or false