In an auction without reserve, the seller is obliged to sell the goods to the highest bidder
Indicate whether the statement is true or false
TRUE
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Which of the following is not a characteristic of homologous chromosomes?
A. They are similar in shape and location of the centromere. B. They are similar in size. C. They carry the same alleles for all traits. D. They carry genes for the same traits.
Profit is the unit contribution margin multiplied by the number of units minus the fixed component of the total costs (TC).
Answer the following statement true (T) or false (F)
CraftCo, Inc.'s projected sales for the first six months of 2012 are given below:
Jan. $500,000 April $490,000 Feb. $740,000 May $740,000 Mar. $380,000 June $610,000 40% of sales are collected in cash at time of sale, 50% are collected in the month following the sale, and the remaining 10% are collected in the second month following the sale. Cost of goods sold is 60% of sales. Purchases are made in the month prior to the sales, and payments for purchases are made in the month of the sale. Total other cash expenses are $40,000/month. The company's cash balance as of February 28, 2012 will be $25,000. Excess cash will be used to retire short-term borrowing (if any). CraftCo, Inc. has no short term borrowing as of February 28, 2012. Assume that the interest rate on short-term borrowing is 1% per month. The company must have a minimum cash balance of $15,000 at the beginning of each month. What is CraftCo, Inc.'s projected cash balance at the end of March 2012? A) $352,000 B) $301,000 C) $329,000 D) $361,000
Maria, Jorge, and Renaldo have formed a limited liability company to make educational supply packets for Spanish-speaking elementary school students. They have discussed the lack of educational supplies in many of the schools in Mexico and would like to export these supply packets to Mexico and other Latin American nations. They have been operating in the United States for eight years but will need a $1 million short-term loan to produce goods for the Mexican and Latin American markets. Which of the following agencies would be a viable loan source?
A. Small Business Administration B. Ex-Im Bank C. World Bank D. The Inter-American Development Bank