Which of the Following Statements Is Correct

question 50

Multiple Choice

Which of the following statements is correct?

• A)Repayment of a bond on the first day of the fiscal year will decrease the shareholders' return on equity.
• B)Conversion of a 10% bond with no short term maturity, into common shares on the first day of the year will have no effect the current ratio.
• C)The sale of 2,000 common shares for cash will improve the shareholders' return on equity.
• D)The sale of $5,000 of inventory on credit for $6,000 will have no effect on the operating margin.

Recognize how the UCC addresses contract formation, including offer, acceptance, and consideration.

Differentiate between sales of goods and transactions not covered by the UCC.

Know the role of merchants in the UCC and how it affects commercial transactions.

Understand how the UCC treats open terms, modifications, and additional terms in contracts.

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Definitions:

Political Approach

A method or strategy applied in the analysis or practice of politics, often focusing on the use of power, governance, and policy-making.

Political Realities

The practical considerations and factors that influence politics and decision-making in the real world.

Social Work Values

Core principles that guide the conduct of social workers, including service, social justice, dignity and worth of the person, importance of human relationships, integrity, and competence.

Process Power

The influence one has in an organization due to their ability to control or manage procedures and decision-making processes.