Ernest operates an ice cream stand during the months of may, june, july, and august. ernest's ice cream machine is broken and needs a new part to run. he contracts to have the part shipped to him by special carrier. ernest emphasizes that the part needs to be delivered by april 25 or he will not be able to be open on may 1 as he has advertised. if the shipper fails to deliver the part on april 25, ernest will be able to recover consequential damages caused by the delay.
a. true.
b. false.

For the year, uptowne furniture had sales of $818,790, costs of $748,330, and interest paid of $24,450. the depreciation expense was $56,100 and the tax rate was 34 percent. at the beginning of the year, the firm had retained earnings of $172,270 and common stock of $260,000. at the end of the year, retained earnings was $158,713 and common stock was $280,000. any tax losses can be used. what is the amount of the dividends paid for the year? a. $6,466 b. $7,566 c. $5,266 d. $6,898 e. $7,066