Family Time Restaurant has a contract with Prime Meats for Prime to deliver 100 pounds of ground sirloin twice a week for the next three months. If, on one delivery, Prime brings 95 pounds of ground chuck instead of 100 pounds of ground sirloin:
a. Family Time may unquestionably reject the non-conforming goods because they vary in both quantity and quality.
b. Family Time may reject the non-conforming installment only if it substantially impairs the value of that installment and cannot be cured.
c. Prime has no right to cure.
d. the perfect tender rule applies.
b
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Deed Manufacturers, a heavy machinery company, has employees belonging to the age group of 17 to 30. Todd, a 17-year-old, is prohibited from working with heavy machinery tools. Instead, he works in the mail room. Under the laws governing Fair Labor Standards Act (FLSA), which statement justifies the organization's decision to forbid Todd from doing heavy machinery work?
A. Todd cannot be employed in hazardous occupations because he is 17 years old. B. Todd is not a U.S. citizen, therefore he is prohibited from working in a hazardous environment. C. Todd is expected to work in a safe environment because he is male. D. Todd comes from an economically weaker background, therefore he is expected to perform clerical duties. E. Todd has not yet completed college, therefore he should only be given administrative duties.
Joe dies late in 2015 and his estate is subject to an estate tax of $2 million. He leaves all of his assets to his daughter, Claudia. Claudia dies in early 2017. Which of the following statements is correct?
A. Claudia's estate receives a credit for $2,000,000 of Joe's estate tax. B. Claudia's estate receives a credit for $1,000,000 of Joe's estate tax. C. Claudia's estate receives a deduction for $2,000,000 of Joe's estate tax. D. Claudia's estate receives no credit or deduction for the tax paid by Joe's estate.
An information system does not need applications to perform a task
Indicate whether the statement is true or false
Differentiate between the record keeping required for sales and cost of goods sold under a perpetual versus a periodic inventory system.
What will be an ideal response?