Article 9 of the UCC only applies to goods and does not include intangibles such as accounts or chattel paper
a. True
b. False
Indicate whether the statement is true or false
False
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Depreciation of fixed assets is considered to be a discretionary cost
Indicate whether the statement is true or false
Which of the following is true in the event an assignee does not provide a notice of assignment to the obligor?
A) The assignee's only course of action is to sue the obligee for damages. B) The assignee cannot sue the assignor for damages. C) The obligor's only recourse is to sue the assignee for damages. D) The assignee cannot sue the obligor to recover payment.
Franklin Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of business on August 31, its Cash account shows a debit balance of $20,662. Franklin's August bank statement shows $20,237 on deposit in the bank. Determine the adjusted cash balance using the following information: Deposit in transit$6750?Outstanding checks$5400?Bank service fees, not yet recorded by company$125?The bank collected on a note receivable, not yet recorded by the company$1050? The adjusted cash balance should be:
A. $21,587 B. $20,537 C. $21,712 D. $14,837. E. $26,987
"Making it right the first time" is:
A) an unrealistic definition of quality. B) a user-based definition of quality. C) a manufacturing-based definition of quality. D) a product-based definition of quality. E) the definition of quality proposed by the American Society for Quality