A party who in good faith performs substantially all of the terms of a contract can enforce the contract against the other party
Indicate whether the statement is true or false
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Anderson Compounds produces two industrial chemical compounds, Gorp and Gumm, from the same process, which last year, cost $240,000 . Anderson produced 20,00 . pounds of Gorp, which sells for $60 per gallon and 60,00 . gallons of Gumm, which sells for $30 per gallon. After the split-off point, Gorp required additional processing costing $300,00 . to make it salable. Using the adjusted sales
method, what is the completed cost of Gorp? a. $300,000 b. $380,000 c. $520,000 d. $540,000
Ginza Enterprises, a subsidiary of Universal Enterprises based in Dallas, reported the following information at the end of its first year of operations (all in yen): assets--110,000,000; expenses--41,000,000; liabilities--97,500,000; capital stock--5,500,000; revenues--48,000,000 . Relevant exchange rates are as follows: On date subsidiary stock was purchased ................ $.085 Average rate
for the year ............................. .078 At year end ........................................... .075 As a result of the translation process, what amount is recorded on the financial statements as the translation adjustment? a. $21,000 debit adjustment b. $76,000 debit adjustment c. $21,000 credit adjustment d. $76,000 credit adjustment
What standard does a court use in reviewing the factual determinations of an administrative agency?
A) Whether the adjudication was arbitrary and capricious. B) Whether the conclusions reached are supported by substantial evidence. C) Whether the agency has conducted an adjudication with inadequate fact-finding procedures or whether issues that were not properly before the agency were decided. D) Any one of these, depending on the particular situation.
Generating capital by means of debt financing
A. involves borrowing money, either with a bank loan or with the use of corporate bonds. B. means that the firm will have to put up some of its assets as a loan guarantee. C. may be worth it if the borrowed money is used to implement a marketing plan that earns a return greater than the cost of borrowing the money. D. means that the firm borrowing the money will have to pay interest charges. E. All these answers are correct.