Rights to receive funds can be assigned
Indicate whether the statement is true or false
True
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Davis Corp invested cash in a 9-month certificate of deposit (CD) on October 1, 2015 . If Davis has an accounting period which ends on December 31, 2015, when would it most likely recognize interest revenue from the CD?
a. On December 31, 2015 only b. On July 1, 2016 only c. Both Dec. 31, 2015 and July 1, 2016 d. On October 1, 2015
Answer the following statements true (T) or false (F)
1. The speech to entertain is designed to amuse an audience. 2. A thesis statement for a persuasive speech is also called the claim. 3. Whether the speech is informative or persuasive, the thesis statement is your speech “in a nutshell.” 4. The specific purpose should be supported by the thesis statement.
After the level of volume exceeds the break-even point
a. the contribution margin ratio increases. b. the total contribution margin exceeds the total fixed costs. c. total fixed costs per unit will remain constant. d. the total contribution margin will turn from negative to positive.
Fourteen-year-old Marsha bought $120 worth of video games at a local store, using her own money. Her parents insisted that she return the items and get her money back. Which of the following is true?
a. If there is a conflict, the store's return policy will override Marsha's right of disaffirmation. b. In most jurisdictions, Marsha may get her money back only if she has not opened or damaged the merchandise in any way. c. In a majority of jurisdictions, Marsha may get her money back even if she cannot return the merchandise. d. In most jurisdictions, Marsha may get some of her money back but she must pay the reasonable value of the goods if that differs from the contract price.