Francis opened a store. She knows that customers who come to the store may be injured on the premises and hold her responsible for their injuries. Under common law, business customers in the store Francis opened are considered
A) aliens.
B) licensees.
C) trespassers.
D) invitees.
Answer: D
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Below is financial data for Computech Industries' current year. Net sales on account during year $500,000 Cost of merchandise sold during year 300,000 Accounts receivable, beginning of year 45,000 Accounts receivable, end of year 35,000 Inventory, beginning of year 90,000 Inventory, end of year 110,000 Refer to the data for Computech Industries. Based on this information, what is Computech's
number of days' sales in receivables (assuming a 360 day year)? a. 32.4 days b. 36.0 days c. 28.8 days d. 25.2 days
During much of the 1990s everyone expected to do well and the economy was expanding. This is a good example of:
a. a bear market b. an undervalued market c. a bull market d. the Maloney Act e. the consumer price index
Minutes of a formal meeting typically include:
a. issues open for discussion. b. decisions reached. c. action items requiring follow-up. d. All of the answers are correct.
Colt saw a commercial by a car manufacturer on TV that claimed one of its new models, the Vogue, averaged 45 miles to a gallon on the highway. He went to the Kan Car Dealership and purchased a Vogue but never asked about the manufacturer's statement
regarding the mileage claim. A short time after his purchase, he discovered the car would only get 30 miles to the gallon on the highway. Colt returned to the dealer and claimed breach of an express warranty on the part of the manufacturer and the car dealership based on the TV commercial. Is Colt correct?