Sue buys a stove from Leons and is to pay $300 per month for 15 months. Shortly after she gets the stove Leons tells her that she is to make her payment to the Ace Finance company. Sue is furious and does not want to deal with Ace
Sue sends a letter to Ace saying that she is transferring her debt obligation to her father Donald. As a result
A) Sue must pay Ace as it is a valid novation
B) Donald and Sue are both liable to Ace now
C) Donald must pay Ace as it is a valid assignment
D) Ace can insist payments must be made by Sue and not by Donald
E) Sue only has to pay Leons, since she never made a contract with Ace
D
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What will be an ideal response?
Tide laundry detergent maintains the same market share it had 50 years ago because of the sales contributions from its various line extensions. It can be said that Tide employs a preemptive cannibalization strategy in generating line extensions
What does this mean?
Which of the following is a capital budgeting method?
A) return on assets B) net present value C) inventory turnover D) return on equity
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A. 7.4%. B. 144.8%. C. 6.9%. D. 14.5%. E. 6.5%.