The SEC has enforcement powers, including the power to issue cease and desist orders, to levy fines, and to confiscate profits from illegal transactions
a. True
b. False
Indicate whether the statement is true or false
True
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Plant tours do not represent a good source of product information
Indicate whether the statement is true or false
During late summer and early fall, there is a large demand for containers located in Asia that are used to ship consumer products from Asia to the United States in time for the holiday selling season. The demand for these containers is referred to as ________ demand.
A. derived B. implied C. reseller D. applied E. unitized
Under the UCC, a(n) ____ is a practice or method of dealing, regularly observed and followed in a place or vocation or trade
A) course of dealing B) usage of trade C) course of performance D) integrated document
Assume the perpetual inventory method is used.1) The company purchased $12,500 of merchandise on account under terms 2/10, n/30. 2) The company returned $1,200 of merchandise to the supplier before payment was made. 3) The liability was paid within the discount period. 4) All of the merchandise purchased was sold for $18,800 cash. The amount of gross margin from the four transactions is:
A. $6,550. B. $7,726. C. $11,074. D. $5,100.