Marilyn brought her $400 silk dress to University Dry Cleaners to be cleaned. On the back of the ticket she received in exchange for the dress was written, "Liability limited to five times the cost of cleaning." Marilyn's dress was lost and University now claims it owes her no more than $53.25, five times the cost of cleaning. Is that true?
a. No, because Marilyn is not a bailor.
b. No, because University is a common carrier.
c. No, because the limitation was not communicated to her.
d. No, because the limitation is unconscionable.
c
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Which of the following would a marketer use as a synonym for controllable marketing mix factors?
A. macromarketing forces B. micromarketing factors C. marketing management factors D. the four Ps of marketing E. environmental forces
Which of the following is not a major part of a typical marketing plan?
A) Background assessment B) Situation analysis C) Forecast D) Production scheduling
On January 1, 2016, Rhyme Co leased equipment by signing a six-year lease that required six payments of $30,000 due on January 1 of each year with the first payment due January 1, 2016. The equipment remains the property of the lessor at the end of the lease, and Rhyme does not guarantee any residual value. Using an 8% cost of capital, Rhyme capitalized the lease on January 1, 2016, in the amount
of $149,781. What is the total amount of lease liability (including interest) Rhyme should report as of December 31, 2017? A) $99,364 B) $107,313 C) $119,781 D) $121,415
The beginning Merchandise Inventory balance totals $40,000, and the ending Merchandise Inventory balance totals $45,000 . The adjusting entry for the ending merchandise inventory will:
a. debit Merchandise Inventory and credit Income Summary for $45,000. b. debit Merchandise Inventory and credit Income Summary for $40,000. c. debit Income Summary and credit Merchandise Inventory for $40,000. d. debit Income Summary and credit Merchandise Inventory for $45,000. e. debit Merchandise Inventory and credit Capital for $45,000.