According to the coming and going rule, what is the liability of the principal for injuries caused by its agents and employees while they are on their way to or from work?
A. complete liability
B. vicarious liability
C. limited liability
D. no liability
Answer: D
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Which sentence is correct?? A) ?When the accident occurred, Christina and I were in a staff meeting
B) ?He blamed hisself for the financial error in the budget report. C) Our supervisor asked Michelle and I if we wanted to attend the conference in Palm Springs.
On March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,500. Klein uses the perpetual inventory system and the gross method of accounting for sales. On March 15, Babson returns some of the merchandise. The selling price of the merchandise is $600 and the cost of the merchandise returned is $350. Babson pays the invoice on March 20, and takes the appropriate discount. The journal entry that Klein makes on March 20 is:
A.
| Cash | 7,056 | |
| Accounts receivable | 7,056 |
B.
| Cash | 7,644 | |
| Sales discounts | 156 | |
| Accounts receivable | 7,800 |
C.
| Cash | 7,800 | |
| Accounts receivable | 7,800 |
D.
| Cash | 7,056 | |
| Sales discounts | 144 | |
| Accounts receivable | 7,200 |
E.
| Cash | 4,500 | |
| Accounts receivable | 4,500 |
Which of the following statements is true?
A) The complexity of a warehouse operation will depend on the number of SKUs handled, the quantities of each SKU and the number of orders received and filled. B) Most of the activity in a warehouse is material handling. C) A and B are both true. D) Neither A nor B are true.
Which of the following entities is part of the buying center?
A. Marketers B. Users C. Vendors D. Distributors E. Wholesalers