Which of the following is true of a buyer's right of inspection?
A) Cost of inspection is shared by the seller and buyer if goods are conforming.
B) Cost of inspection can be recovered from the seller if goods are nonconforming.
C) Goods can only be inspected before shipment is made by the seller.
D) Inspection has to be performed after the goods in the contract have been accepted.
B
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An initial issue price equal to the face value of the bonds means that the implicit interest rate equals the _____
a. fair interest rate b. average interest rate c. future interest rate d. yield to maturity e. past interest rate
Currently attainable standards do not allow for reasonable production difficulties
Indicate whether the statement is true or false
Buyer Bob breaches his contract for the sale of goods with Seller Suzie. Suzie still has possession of the goods at the time of the breach. Suzie can refuse to deliver the goods and:
a. resell the goods and sue Bob for the total contract price. b. either resell the goods or sue, but not both. c. resell the goods and sue for any loss on the sale plus incidental damages less expenses saved. d. resell the goods and sue only for incidental damages.
The proportion of a firm's funds that is provided by shareholders is equal to:
A. ?the debt ratio minus the times interest earned. B. ?1 minus the debt ratio. C. ?the times interest earned plus 1. D. ?the debt ratio minus the dividends paid. E. ?the fixed charge coverage ratio minus 1.