Long's Department Store contracted to buy 1,000 drop-waist velour dresses in heather gray from Durham. Subsequently, Durham called and asked to ship mink-colored dresses instead of heather gray. Long agreed, in writing, to the change. Which statement is correct?
a. The modification is not enforceable since there was no consideration for the change.
b. The modification is not enforceable since the parties are merchants.
c. The modification is enforceable.
d. Whether the modification is enforceable depends on the gap-filler rule.
c
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The Farley Company had retained earnings at the beginning of the year totaling $100,000 . At the end of the year retained earnings totaled $200,000 . Depreciation was $50,000 for the year and the company paid dividends of $150,000 . What is the amount recorded as Net Income in the operating activities section of the statement of cash flows prepared using the indirect method?
a. a net loss of $150,000 b. a net income of $150,000 c. a net income of $0 d. a net income of $250,000 e. a net loss of $50,000
A process range chart illustrates the amount of dispersion within the samples
Indicate whether the statement is true or false
Batching economies or cycle stocks usually arise from three sources. Which of these is not a source?
a. procurement b. transportation c. production d. demand
Which of the following is true of a leveraged buyout?
A) It is a type of a strategic merger. B) It is used to increase market share, which is used to maximize shareholder wealth. C) It aims at developing monopoly control over the markets. D) It involves the use of a large amount of debt to purchase a firm.