A $50,000 bond with a carrying value of $52,000 was called at 103 and retired. In recording the retirement, the issuing company should record
a. a $500 gain.
b. a $1,500 loss.
c. a $2,000 gain.
d. no gain or loss.
A
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Chance events play a role in shaping the competitive environment. Chance events are occurrences which include all of the following except:
A) major technological breakthroughs. B) wars and their aftermath. C) oil crisis. D) currency fluctuations. E) annual business meeting.
Corinne is responsible for hiring new sales employees, establishing sales objectives and making sure senior management is kept informed of market trends and competitive actions. Corinne works as a ________ ________.
Fill in the blank(s) with the appropriate word(s).
Greg, a salesperson for Home Improvement Center, tells Irena, "This is the best floor sander I've ever seen." This statement is
A) an express warranty B) an implied warranty. C) a warranty of title. D) puffery.
Which of the following is true about the CISG?
A) The full title is The United States Convention on Contracts for the International Sale of Goods. B) It does not apply to contracts in which the primary obligation of the party furnishing the goods consists of supplying labor or services. C) The CISG governs the formation of the contract, the rights and obligations of the seller and buyer arising from such contract, and the validity of the contract provisions. D) All of these.