Article 2 provides minimum requirements that goods must satisfy to be merchantable, including that the goods must be:
a. of the highest quality reasonably possible under the contract b. reasonably fit for the purposes for which they are being sold c. of fair, average, merchantable quality
d. reasonably fit for the purposes for which they are being sold and of fair, average, merchantable quality e. of the highest quality reasonably possible under the contract and of fair, average, merchantable quality
d
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A business purchases $500 of office supplies on account. Which of the following accounts is credited?
A) Cash B) Accounts Payable C) Office Supplies D) Service Revenue
Rimsone, Inc. purchases 8,500 shares of the company's own $6 par common stock for $8 per share. Journalize the transaction
What will be an ideal response
A price-fixing agreement is an agreement by two or more sellers to boycott a particular person or firm
a. True b. False Indicate whether the statement is true or false
A grocery store has an average sales of $8000 per day. The store introduced several advertising campaigns in order to increase sales. To determine whether or not the advertising campaigns have been effective in increasing sales, a sample of 100 days of sales was selected. It was found that the average was $8200 per day. From past information, it is known that the standard deviation of the population is $1500. The value of the test statistic is
A. .013. B. .133. C. 13.33. D. 1.33.