Which of the following oral contracts may be enforceable?
A. Nathan owes $1,000 in back rent to his landlord. Miranda tells Nathan not to worry about it, she'll pay his debt for him.
B. Kenny orally agrees to purchase 5,000 pencils that the ABC Pencil Company stamps with the words "Kenny is the Greatest!"
C. Mrs. Washington calls the corner grocery and places an order for a loaf of bread, a gallon of milk, and a pound of hamburger to be delivered to her. Ten minutes later, before the store has a chance to put together her items, she calls to cancel the order.
D. All of these are correct.
Answer: B
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Answer the following statement true (T) or false (F)
The appropriate discount rate for the residual income model is
a. Weighted average cost of capital b. The risk free interest rate c. The risk free interest rate plus the market premium d. Cost of common equity capital
The difference between fixed charge coverage and times interest earned ratio is:
a. tax expense. b. noncontrolling interest. c. the interest portion of rentals. d. all fixed costs.
Margot, a bookkeeper, works in a cubicle, so she does not have to worry about business etiquette so long as she stays in her cubicle
Indicate whether the statement is true or false.