Receiving provides 2,000 receiving hours and costs $40,000 per year. What is the activity rate for receiving?
A) $10 per receiving hour
B) $20 per receiving hour
C) $40 per receiving hour
D) $5 per receiving hour
E) cannot be determined from this information
B
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Fill in the blank(s) with the appropriate word(s).
The Convention Relating to a Uniform Law on the International Sale of Goods (ULIS) supersedes the United Nations Convention on Contracts for the International Sale of Goods (CISG)
Indicate whether the statement is true or false
The shelter principle allows persons who formerly held instruments to improve their positions by later reacquiring the instruments from HDCs.
Answer the following statement true (T) or false (F)
Neef Corporation has provided the following financial data from its balance sheet and income statement: Year 2Year 1Total assets$1,302,000 $1,330,000 Total stockholders' equity$885,000 $880,000 Income StatementFor the Year Ended December 31, Year 2Sales (all on account)$1,420,000 Cost of goods sold 890,000 Gross margin 530,000 Operating expenses 493,000 Net operating income 37,000 Interest expense 17,000 Net income before taxes 20,000 Income taxes (35%) 7,000 Net income$ 13,000 The company's gross margin percentage for Year 2 is closest to:
A. 37.3% B. 59.6% C. 4076.9% D. 2.5%