The growth stage of a company can be perceived by examining management's dividend policy.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Use the five transactions for Hennigan Company described below to answer the question(s) that follow(s). Dec 1 Hennigan purchases two new saws on credit at $375 each. The saws are added to Hennigan's rental inventory. Payment is due in 30 days. 8 Hennigan accepts advance deposits for tool Company of $75. 15 Hennigan receives a bill from Farmer's Electric Company for $150 . Payment is due in 30
days. 20 Customers are charged $750 by Hennigan for tool Company. Payment is due from the customers in 30 days. 31 Hennigan receives $500 in payments from the customers that were billed for Company on December 20. Refer to the transactions for Hennigan Rentals. Based on the October 31 transaction, Hennigan will record which of the following in its accounting records? a. a credit in Accounts Payable for $500. b. a credit in Accounts Receivable for $500. c. a debit in Accounts Payable for $500. d. a debit in Accounts Receivable for $500.
A(n) ________ account is used to record increases in owner's equity from the sale of goods or services.
Fill in the blank(s) with the appropriate word(s).
Somerset Savings Bank agreed to finance a 72-unit condominium project, and Chicago Title issued a policy for Somerset's $9.5 million mortgage. After the title policy was issued, the city of Revere, Massachusetts, refused to issue a permit for the project because of issues with existing zoning laws, including a railroad right-of-way through the property. Somerset was left with a $9.5 million
mortgage on condominiums that would never be built. Somerset brought suit against Chicago Title for its failure to note the zoning issue. Which of the following statements is correct? A)?Chicago Title must cover the zoning issue costs, i.e., pay the damages because the property cannot be developed, including the cost of the mortgage. B)?Zoning restrictions are not covered in a title policy. C)?Chicago Title must cover the denial of the permit even though zoning issues are not covered under a title policy. D)?If the zoning restrictions make the property unmarketable, Chicago Title must pay the damages.
Which one of the following statements concerning the Bracket International—The RFID Decision case study is TRUE?
a. Bracket International won back the Wolf Furniture work using RFID systems. b. Misreads are zero for RFID technology. c. The maturity phase of the product/firm/technology life cycle is where a "fast follower" executes their adoption of technology. d. Bar coding took 10 seconds to scan per item, while RFID took zero seconds to scan per item.