Which of the following occupations would generally not need professional liability insurance for damage done at work?

A) Insurance agent
B) Accountant
C) Barbers and hairdressers
D) Professional football players


D

Business

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Mercks uses the perpetual inventory system, and accepts the Discovery credit card for credit card sales. Discovery charges Mercks a 3% fee, and all credit card receipts deposited are credited to the company account on the day of deposit. Prepare journal entries to record the following transaction.March 11Sold merchandise for $4,500 (that had cost $2,100) and accepted the customer's Discovery card. 

What will be an ideal response?

Business

Which of the following organizational buyers purchases raw materials and parts to reprocess into the finished goods they sell?

A. agents B. retailers C. manufacturers D. wholesalers E. ultimate consumers

Business

If partners wish to maintain having protection against personal liability, it is essential to comply with all the technicalities of a limited liability partnership statute.

Answer the following statement true (T) or false (F)

Business

The manufacturer of goods is liable in tort to users for foreseeable harms caused by defects in the goods. This is:

a. negligence in tort b. caveat emptor c. proximate cause d. strict liability e. none of the other choices

Business