According to Brockner, fairness in the workplace makes intuitive sense and is present in most organizations.
Answer the following statement true (T) or false (F)
False
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Following are selected data from the financial statements of Mother Nature Supplies: 2017 2016 Accounts receivable $ 60,000 $ 38,000 Merchandise inventory 12,000 16,000 Total assets 450,000 380,000 Net sales 380,000 270,000 Cost of goods sold 160,000 210,000 Refer to the data for Mother Nature Supplies. Which of the following would result from a vertical analysis of its income statement?
a. Accounts receivable increased $22,000 or 57.9% during 2017. b. Gross profit is 57.9% of net sales for 2017. c. Cost of goods sold increased $50,000 or 23.8% during 2017. d. Net sales increased $110,000 or 28.9% during 2017.
When cost driver analysis is used, organizational profit or loss can be determined by subtracting
a. organizational costs from total margin provided by products. b. organizational costs from total product revenue. c. total product costs from total product revenue. d. total unit, batch, product/process, and organizational level costs incurred for a period from total product revenue.
Which of the following statements is true of negligence?
A) Negligence can result from the willful wrongdoing of a party. B) If a business attempts to warn its customers about potential hazards, it cannot be considered negligent. C) Proximate cause exists if both the plaintiff and the type of injury incurred by the plaintiff are foreseeable. D) A party can bring an action in negligence seeking only nominal damages.
When the transfer of a negotiable instrument is made either by assignment or by negotiation, the third party becomes a holder
Indicate whether the statement is true or false