Amy agrees to buy goods from Van for a contract price of $2,000 payable on delivery. Amy repudiates the contract and refuses to pay anything. Van resells the goods in compliance with the Code for $1,700, incurring $200 in sales commissions but saving $250 in shipping costs. Van would recover from Amy:
a. the contract price of $2,000.
b. $500.
c. $350.
d. $250.
d
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McDonald's Corporation is the largest food service organization in the world. The proper handling of cash and food is important to the profitability of McDonald's. Based on your personal knowledge of McDonald's and the internal control concepts and
procedures described in the textbook, answer the following questions. REQUIRED: Most corporations, including McDonald's, include a Report of Management in their annual report. Describe, in general, the main elements that should be included in a Report of Management and give the purpose of this report.
A small printing business is considering the purchase of a project management software solution. Provide a recommendation for how this business should proceed with this purchase.
What will be an ideal response?
To gain customer acceptance, the two brands involved in co-branding must represent a complementary fit in the minds of buyers.
Answer the following statement true (T) or false (F)
Rialto Company collected $5,000 on account. What impact will this transaction have on the firm's current ratio?
A. No impact B. Decrease it C. Increase it D. Not enough information is provided to answer the question.