An agent for an unidentified principal is liable on the contract to the third party no matter whether the particular transaction is authorized or not

Indicate whether the statement is true or false


True

Business

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A company had net sales of $550,000, total sales of $700,000, and an average accounts receivable of $82,500. Its accounts receivable turnover equals:

A. 8.48 B. 0.15 C. 0.79 D. 6.67 E. 0.12

Business

Answer the following statements true (T) or false (F)

The Committee on Accounting Procedures (CAP) represented the profession’s first sustained attempt to develop workable financial accounting rules.

Business

It is not permissible for a candidate in an interview to ask questions that deal with salary or benefits

Indicate whether the statement is true or false

Business

Demographic segmentation divides markets by

A. geographic location. B. consumer attitudes. C. characteristics such as loyalty and price sensitivity. D. characteristics such as age, gender, and income. E. psychological traits.

Business