Small and medium-size companies lack the competitive advantage to compete with large multinational corporations and therefore have little to contribute to the international marketplace
Indicate whether the statement is true or false
False
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Bright Minds Toy Company prepared the following sales budget for the second quarter. Projected sales for each of the first three months of operations are as follows:Sales BudgetApril May June Cash sales30,000 43,000 55,000 Sales of account370,000 432,000 405,000 400,000 475,000 460,000 Bright Minds expects to collect 70% of the sales on account in the month of sale, and 20% in the month following the sale, and the remainder in the second month following the sale.What is the ending accounts receivable balance that would be reported on the pro forma balance sheet prepared as of June 30?
A. $86,400 B. $283,500 C. $121,500 D. $164,700
The Consumer Product Safety Commission (CPSC) is empowered to issue product safety standards that may (1) involve the performance of consumer products or (2) require product warnings or instructions.
Answer the following statement true (T) or false (F)
The ________ is a body of the World Bank that provides political risk insurance guarantees to private sector investors and lenders
A. Multilateral Investment Guaranty Agency B. International Development Association C. Overseas Private Investment Corporation D. Foreign Credit Insurance Association
Enrico purchased a home stereo system from Wide Spectrum Sound for $4,000. When the components were all connected the sound produced was so muffled that it needed to be played at full volume in order to get a reasonable clarity
When Enrico returned to Wide Spectrum, the clerk pointed to a clause on the back of the sale receipt that stated: "There are no other warranties or conditions expressed or implied by common law, statute, or otherwise." The clerk also pointed out the same term in the manufacturer's warranty card included with the system. Which of the following would assist Enrico in obtaining a remedy for his defective sound system? A) The Sale of Goods Act. B) The fact that Enrico had not read the clause excluding warranties on the back of the sales slip. C) Consumer protection laws. D) Common law principles of contract E) Self-help