Under a shipment contract, the risk of loss passes to the buyer when the seller places conforming goods in the possession of the carrier.

a. True

b. False

Brick Co. has 170,000 shares of common stock outstanding at January 1, year 8. On May 1, year 8, it issued 30,000 additional shares of common stock. Outstanding all year were 12,000 shares of convertible cumulative preferred stock.

The Racquet Store (RS) sells franchise agreements in which it charges an up-front fee of $50,000 for assistance in setting up a store, and then a monthly fee of $1,000 for national advertising and administrative assistance.

Your full-service brokerage firm charges $120 per stock trade. How much money do you receive after selling 150 shares of Nokia Corporation (NOK), which trades at $18.63?

Production and sales estimates for May for Cardinal Co. are as follows: Estimated inventory (units), May 1 19,500 Desired inventory (units), May 31 19,300 Expected sales volume (units) : Area W 6,000 Area X 7,000 Area Y 8,000 Unit sales price $20

If a good that generates negative externalities were priced to take these negative externalities into account, then its Multiple Choice price would decrease and its quantity would increase.

The supply curve of reserves in an economy is horizontal when: A) the federal funds rate is greater than the seasonal credit discount rate. B) the federal funds rate is less than the secondary credit discount rate.

Colton took out a 3 year loan for $2075 at a computer store to be paid back with monthly payments at a 10.7% APR. If the loan offers no payments for the first 11 months, how many payments will Colton be required to make?

An externality is a. a benefit realized by the purchaser of a good or service. b. a cost paid for by the producer of a good or service. c. a benefit or cost experienced by someone who is not a producer or consumer of a good or service. d.

When a company tries to create new uses for its product, it is undertaking a market modification program. a. True b. False?

Which of the following statements is correct? 1. Proprietary funds must prepare a Statement of Revenues, Expenses and Changes in Fund Net Position, Statement of Net Position and Statement of Cash Flows. 2.