<span>5. Identifies a product with a mark which can be "read" by electronic scanners.
UPC is a machine scannable bar code that's used in the United States, Canada, United Kingdom, and many other countries for tracking items in stores. The very first UPC marked item scanned at a retail checkout was a10-pack of Wrigley's Juicy Fruit chewing gum on June 26, 1974. This item was put on display in the Smithsonian National Museum of American History in Washington, D.C.
With that in mind, let's look at the options and see what does or does not make sense.
1. Was required by the federal fair packaging and labeling act.
* Since this act requires "consumer commodities" to be labeled with their identity, name & place of manufacturer, and its quantity, this is far more information than a 10 digit code can encode. So this answer is wrong.
2. Slows down the retail checkout process.
* If the UPC code slowed things down, that would increase the cost to the retailers for no gain. In fact, the use of the UPC has reduced checkout times and has improved accuracy. So this choice is also wrong.
3. All of the above are true.
* Since the above 2 are wrong, so is this.
4. Involves placing the price per ounce on or near the product.
* The UPC identified what the item is. The price doesn't appear on the UPC. So this too, is wrong.
5. Identifies a product with a mark which can be "read" by electronic scanners.
* This is exactly what the code does. So this is the correct choice.</span>
Answer:
The correct answer is Option C.
Explanation:
Movement in retained earnings is as follows:
Balance, beginning of the year $1,440,000
Net income $1,000,000
Stock dividend declared and distributed ($720,000)
Cash dividend paid (XXXX)
Balance, end of the year $1,164,000
The cash dividend paid is a balancing figure and it is to be subtracted from the retained earnings. The amount is $556,000. That is, $1,164,000 - $1,720,000.
I dont know what the statements are.
Answer:
Due on sale clause
Explanation:
A due on sale clause is the clause in which there is a promissory note or a loan that specified that the full balance could be called up at the time of sale or ownership transfer in order to protect the note
Therefore in the given situation, since it is mentioned that the seller has to pay the amount at the time of sale
So this represents the due on sale clause
Answer:
Yes
Explanation:
Based on the information provided within the question we can say that Yes, the dealership is contractually bound to sell Mike the car at that price. This is assuming that the ad handed to the dealership by Mike is an actual ad that was designed and published by the dealership. If this is the case the dealership must uphold their price or it will be considered false advertisement and Mike would have a basis on which to sue the business.
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