All bailments have to be by agreement between the bailor and bailee
Indicate whether the statement is true or false
False
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Selected data from Carson Corporation's financial statements for the year ended December 31, Year 2 are as follows. Current ratio 1.4 Quick ratio 0.86 Current liabilities $450,000 Accounts receivable turnover 6.0 Merchandise inventory turnover 4.0 Rate of return on assets 6.5% Selected Account Balances at December 31, Year 1: Accounts receivable $355,000 Merchandise inventory 190,000 Year 2
Operations Sales $1,241,000 Cost of goods sold 800,000 Assuming that prepaid expenses are immaterial, ending merchandise inventory at December 31, Year 2 is a. $180,000 b. $210,000 c. $220,000 d. $240,000 e. $260,000
If all the values of the input variables in a decision model are known with certainty, then the model is considered to be deterministic
Indicate whether the statement is true or false
Which of the following is true about the payment of dividends by a firm??
A. ?Dividends are paid only to the bondholders of the firm B. ?Common stockholders have priority over preferred stockholders with regard to dividends C. ?Preferred stocks will pay accumulated dividends only once i.e. at the time of maturity D. ?Growth stocks pay little or no dividends and instead retain most of their earnings each year E. ?Common stockholders will receive a fixed amount of dividend every year
Express ratification creating an agency by the principal occurs when the principal:
a. fails to object to an agent's unauthorized activities b. by action shows a clear intent to be bound by unauthorized acts of the agent c. accepts the benefits of an unauthorized agreement with a third party d. all of the other specific choices e. none of the other choices