In a strict liability case, the courts still consider if the defendant acted in a reasonable and prudent manner
Indicate whether the statement is true or false
False
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Sales returns:
A. Refer to reductions in the selling price of merchandise sold to customers. B. Refer to merchandise that customers return to the seller after the sale. C. Are not recorded under the perpetual inventory system until the end of each accounting period. D. Represent trade discounts. E. Represent cash discounts.
Developing a relationship on the first visit is becoming increasingly important in the _____________ stage of the personal selling process.
A. prospecting B. preapproach C. approach D. making the presentation E. overcoming objections
What focuses on using data patterns to make forward-looking predictions to explain to the organization where it is headed?
A. Advanced analytics B. Distributed computing C. Big data D. Data scientist
West Company declared a $0.50 per share cash dividend. The company has 190,000 shares issued, and 10,000 shares in treasury stock. The journal entry to record the dividend declaration is:
A. Debit Retained Earnings $95,000; credit Common Dividends Payable $95,000. B. Debit Common Dividends Payable $90,000; credit Cash $90,000. C. Debit Common Dividends Payable $95,000; credit Cash $95,000. D. Debit Retained Earnings $90,000; credit Common Dividends Payable $90,000. E. Debit Retained Earnings $5,000; credit Common Dividends Payable $5,000.