Beth owned an original United States flag. She had previously loaned the flag to Ross, a lawyer, so that he could display the flag on the wall behind his office desk. One day while visiting Ross in his office and admiring the flag, Beth said to Ross, "You are so fond of that flag, I would like you to have it!" Ross responded with a gracious "thank you." In this situation
A) Beth has not made a
valid, binding gift of the flag because gifts are never binding and can always be revoked by the donor.
B) Beth has not made a valid, binding gift of the flag because the donor must deliver the property to the donee, which was not done here.
C) Beth has made a valid, binding gift if Beth agreed to give the flag in exchange for Ross's legal services.
D) Beth has made a valid, binding gift because she intended to transfer present ownership to Ross and Ross accepted the flag.
D
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Clearwater Hampers is a small British company that sells luxury food and drink in various combinations in picnic hampers. Food and wine are seen as classic, fail-safe gifts in a market where present-buying is increasingly tricky. Corporate customers, both in the United Kingdom and abroad, are important to the business. Clearwater has had several orders for more than a quarter of a million dollars. According to the company's leading salesperson, Peter Austin, "We have lots of repeat corporate customers as a result of the importance we place on getting the hampers out on time and filled with the right products." Peter Austin is extremely successful and the major reason for his success is the way he handles objections. He believes that effectively handling objections is the key to success in
a sales profession. Today he is calling the CEO of Diamonite to make an important sales presentation. Austin is confident of handling the objections as he has prepared for the call.As soon as Austin responds to an objection from the Diamonite CEO, Austin should: A. ask for a referral. B. conduct an approach. C. discuss a visual aid. D. restart the presentation. E. use a trial close.
The cost of production of completed and finished goods during the period amounted to $400,000, and the finished products shipped to customers had total production costs of $337,000. From the following, select the entry to record the transfer of costs from finished goods to cost of goods sold
A) Finished Goods 400,000Cost of Goods Sold 400,000 B) Finished Goods 337,000Cost of Goods Sold 337,000 C) Cost of Goods Sold 337,000Finished Goods 337,000 D) Cost of Goods Sold 400,000Finished Goods 400,000
Synergy occurs when the energy of a group is diverted to nonproductive tasks
Indicate whether the statement is true or false
Current assets and current liabilities are expected to be used up or come due within one year or the company's operating cycle whichever is longer.
Answer the following statement true (T) or false (F)