If the goods are so nonconforming that the buyer has the right to reject them, the risk of loss does not pass to the buyer
Indicate whether the statement is true or false
True
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Kingston Company's accounts receivable turned over nine times during the year. This translates into strict adherence of the company's net/30 credit terms by Kingston's customers
a. True b. False Indicate whether the statement is true or false
On January 3, 2014, Continental Services, Inc, signed an agreement authorizing Peen Company to operate as a franchisee over a 20-year period for an initial franchise fee of $200,000 received when the agreement was signed. Peen commenced operations on July 1 . 2014, at which date all of the initial services required of Continental had been performed. The agreement also provides that Peen must pay
a continuing franchise fee equal to 6% of the revenue from the franchise annually to Continental. Peen's franchise revenue for 2014 was $900,000 . For the year ended December 31 . 2014, how much should Continental record as revenue from franchise fees from the Peen franchise? a. $100,000 b. $106,000 c. $254,000 d. $266,000
According to the basic capital structure theory proposed by Modigliani and Miller (MM), when will a firm's value be maximum??
A. ?When it is financed entirely through equity B. ?When it is financed 50 percent through debt and 50 percent through equity C. ?When it is financed entirely through its retained earnings D. ?When it is financed 100% through debt E. ?When it is financed 50 percent through equity and 50 percent through its profits
The ________ is the ratio of current assets, less inventory, to current liabilities.
A. cash ratio B. current ratio C. debt ratio D. acid test ratio