A merchant who is in the business of selling certain goods makes an implied warranty of merchantability every time she sells any type of merchandise.
Answer the following statement true (T) or false (F)
False
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Celebrity endorsers are used for ads because their stamp of approval on a product can enhance the product's brand equity and create emotional bonds between the consumers and the brand being endorsed
Indicate whether the statement is true or false
In determining the effectiveness of an entity's policies and procedures relating to the existence or occurrence assertion for payroll transactions, an auditor most likely would inquire about and:
A. observe the segregation of duties concerning human resource responsibilities and payroll disbursement. B. verify the preparation of the monthly payroll account bank reconciliation. C. recompute the payroll deductions for employee fringe benefits. D. inspect evidence that all prenumbered payroll checks are accounted for.
Data for Dana Industries is shown below. Now Dana acquires some risky assets that cause its beta to increase by 30.0%. In addition, expected inflation increases by 0.80%. What is the stock's new required rate of return? Do not round your intermediate calculations. Initial beta1.00 Initial required return (rs)10.20% Market risk premium, RPM6.00% Percentage increase in beta30.00% Increase in inflation premium, IP0.80% ?
A. 12.80% B. 15.87% C. 16.00% D. 9.98% E. 11.90%
Prodigy Progress is a private elementary school located in the center of Dallas. Students at the school are considered in the top 1% of their age group in terms of IQ scores and aptitude. Parents who want to send their children to the school must get on a waiting list as soon as the child is 12 months old and must make a deposit of $5,000 to the school in order to hold the child's "application" until they reach the age of 5 years. Claire's parents put her on the waiting list at the age of 1 year and paid the deposit; however, when Claire became 5 years old, she did not want to attend the school even though she tested above the requirement. Her parents made the decision to enroll her for the upcoming school year. In this case, Claire ___ part of the market for Prodigy Progress, and her
parents ____ part of the market because ____. A. was; were; Claire needed to attend school B. was; were; Claire had the authority to attend the school C. was; were; they had the authority D. was not; were; Claire needed to attend school E. was not; were; Claire lacked willingness