The safest endorsement of a check is a blank endorsement
Indicate whether the statement is true or false
FALSE
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At the beginning of the year, Sigma Company's balance sheet reported Total Assets of $195,000; Total Liabilities of $15,000; and Total Paid-in capital of $60,000. During the year, the company reported total revenues of $226,000 and expenses of $175,000. Also, dividends during the year totaled $48,000. Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be:
A. $120,000. B. $123,000. C. $171,000. D. $78,000. E. $174,000.
Freight-in is treated as an addition in the cost of goods sold section of the income statement
Indicate whether the statement is true or false
First movers:
A. are not able to gain from moving down the experience curve. B. are better positioned to satisfy customers. C. fail to secure important channels. D. face more competition than late movers.
A plaintiff wants to sue on a negligence tort, but knows that he was partly as fault. Which of the
following is true? A) If the plaintiff's fault is only 5 percent, his recovery will be the same under either pure or partial comparative negligence. B) In all circumstances the plaintiff will recover more under pure comparative negligence than under partial comparative negligence. C) A state applying contributory negligence will allow the plaintiff to recover so long as his fault is minor. D) Because the plaintiff is partly at fault, he will not be able to recover under either comparative or contributory negligence. E) The plaintiff will have to elect whether to sue under comparative or contributory negligence.