Where two parties contract for the purchase and sale of an ordinary item, such as a desk, that
unknown to both parties is a rare and valuable example of that item, this is:
A) A case of fraud in the inception.
B) A unilateral mistake.
C) A case of fraud by concealment.
D) A mutual mistake of fact.
E) A mistake of value, but not a mistake of fact.
E
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Activities scheduled on a consistent, routine basis can be scheduled as a ____ appointment
A) task B) regular C) repeated D) recurring
In terms of solving customer problems, in-depth product knowledge by sales representatives is
A) generally less important than the representative smiling. B) a major contributor resolving the problems. C) mostly important at the retail level. D) mostly important in selling industrial products.
The chi-square distribution for developing a confidence interval for a standard deviation has degrees of freedom equal to:
a. n + 2 b. n +1 c. n d. n – 1 e. n - 2
Pot Co. holds 90% of the common stock of Skillet Co. During 2018, Pot reported sales of $1,120,000 and cost of goods sold of $840,000. For this same period, Skillet had sales of $420,000 and cost of goods sold of $252,000.Included in the amounts for Pot's sales were Pot's sales of merchandise to Skillet for $140,000. There were no intra-entity transfers from Skillet to Pot. Intra-entity transfers had the same markup as sales to outsiders. Skillet still held 40% of the intra-entity gross profit remaining in ending inventory at the end of 2018. What are consolidated sales and cost of goods sold, respectively for 2018?
A. $1,400,000 and $ 952,000. B. $1,540,000 and $1,078,000. C. $1,400,000 and $ 966,000. D. $1,540,000 and $1,092,000. E. $1,400,000 and $1,022,000.