Parol evidence generally is admissible to explain:
A) ambiguous terms
B) why signatures are missing.
C) why a contract was not performed.
D) implied terms.
A
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Blind Faith Company reported the following data with regard to its first quarter of operations: Sales revenue $180,000 Interest revenue 3,000 Gain on sale of machine 7,500 Cost of goods sold 67,500 Salaries and wages 12,000 Decline in inventory, LCM (temporary) 5,500 Annual property tax 4,500 The expected annual income tax rate is 40 percent. Blind Faith should report net income on the first
quarter interim financial statements of a. $0. b. $61,425. c. $63,225. d. $65,925.
The government is generally
A) not involved in the financial markets. B) the owner of the financial market. C) a supplier of funds to the financial market. D) a demander of funds in the financial market.
The value added and subtracted from a point estimate in order to develop an interval estimate of the population parameter is known as the
a. confidence level b. margin of error c. parameter estimate d. interval estimate
There are several types of special rates. Choose any five and define