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1. Consider whether the following statements are true or false:
(a) If a manufacturer gives a guarantee with his goods, he will be bound to the end-user to meet the terms of the guarantee - True/False?
(b) The statutory implied conditions of satisfactory quality and fitness for purpose only apply to sales to consumers - True/False?
(c) If a seller is unsure about his title to goods, he can transfer limited title to the buyer and will not be in breach of s 12 of the Sale of Goods Act 1979 - True/False?
(d) The implied terms in ss 12-15, Sale of Goods Act cannot be excluded in any business or consumer contract - True/False?
State which account in Corbys books of account should be debited and which account should be credited for each transaction.
Vases take an average of 15 minutes to manufacture, and the machine that produces the vases has an annual capacity to run 4,000 hours. What is the average wait time for production?
What is the percentage of the misstatement in (a) to the reported income of $1,030,000,000? Round to one decimal place.
in the communication business companies often use the linesof other communications companies. this line usage is a
Compute the budgeted factory overhead rate
kaplan company inc. uses a normal costing system and estimated its overhead costs for the current year to be as follows
Discuss the expansion of the basic accounting equation to include revenues and expenses
How can a company have a profit but not have cash?
Prepare corrected income statements for the two years and net income-before your corrections-is understated or overstated and indicate the amount of the understatement or overstatement.
tonys taxpayer return has come up for audit by the internal revenue service irs. he took some deductions this year for
homer simpson bought a house for 70000 some years ago. heput 20 down and financed the rest with a 25 year mortgage of
the controller of olaf corporation wants to establish a minimum rate of return and would like to use a weighted-average
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