Raymond Chandler wrote classic American detective stories. By always using certain roles for his characters and props that were appropriate to the genre, Chandler's novels followed a(n) ________
A) cultural formula
B) enacted norm
C) fashion cycle
D) innovation process
A
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The primary reason for a stock split is to
a. distribute cash to the investor. b. decrease the market value of the stock. c. decrease the number of shares outstanding. d. increase the contributed capital of the corporation.
Which of the following is false concerning the duration and termination of bailments?
A) A bailment for a fixed period term can be terminated at any time by either party. B) A gratuitous bailment can generally be terminated at any time by either party. C) Where commingled fungible goods are involved, identical equivalent goods may be returned by the bailee. D) Upon termination of the bailment the bailee is legally obligated to do as the bailor directs with the property.
Streif Inc., a local retailer, has provided the following data for the month of June: Merchandise inventory, beginning balance$46,000Merchandise inventory, ending balance$52,000Sales$260,000Purchases of merchandise inventory$128,000Selling expense$13,000Administrative expense$40,000 The net operating income for June was:
A. $132,000 B. $85,000 C. $126,000 D. $79,000
______ means that the good "must be of a quality comparable to that generally acceptable in that line or trade."
a. Warrantable b. Profitable c. Acceptable d. Marketable e. none of the other choices are correct