If a fire destroys an office building that has been listed for sale, the offer is automatically terminated due to ________
A) supervening illegality
B) death or incompetency of the offeror
C) destruction of the subject matter
D) lapse of time
C
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Recher Corporation's common stock has a par value of $3 per share and has been stable at a total value of $270,000 on the company's balance sheet for several years. The total stockholders' equity at the end of this year was $1,023,000 and at the beginning of the year was $1,010,000. Net income for the year was $17,500. Dividends on common stock during the year totaled $4,500. The market price of common stock at the end of the year was $3.76 per share.The company's book value per share at the end of the year is closest to:
A. $11.37 per share B. $16.81 per share C. $0.19 per share D. $7.37 per share
Which of the following is NOT an example of an account service fee?
a. certified check fee b. fee for returned checks c. financing fee
A similarity between materials requirement planning (MRP) and distribution resource planning (DRP) is that both inventory systems:
a. require the manufacturer to keep inventory levels as high as possible. b. help manage inventory from manufacturer to end user rather than from the suppliers to the manufacturer. c. use various inputs, such as sales forecasts, available inventory, and so on, to determine what needs to be done to replenish goods at all points in the supply chain. d. prohibit the use of buffer stocks as insurance against unexpected demand increases.
Joleene is a single parent with two children and earns $45,000 per year. She is purchasing term life insurance for 15 years until her youngest child is self supporting. Assuming her survivors can receive a 3% after-tax,
inflation return on insurance proceeds, use the earnings multiple approach to calculate the face value of Joleene's policy. A) $33,445 B) $547,851 C) $397,548 D) $556,668 E) None of the above