At the beginning of the lease term, a lease is recorded for the sum of all future lease payments.
Answer the following statement true (T) or false (F)
False
Leases are recorded for the present value of the lease payments.
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Poweroxi Inc. produces rocket propellant fuel that is used in space shuttles. NASA is an agency that requires rocket propellant fuel to send its rockets to space. NASA enters into a contract with Poweroxi Inc. to purchase all of the propellant fuel it will need that year from Poweroxi. Which of the following conditions would constitute a breach in? contract?
A) if Poweroxi sold to another purchaser
B) if Poweroxi sold to another purchaser at a lower price
C) if NASA purchased fuel from another seller
D) if NASA stopped purchasing from Poweroxi due to lack of need
A cost that is considered variable for one activity base may be considered fixed for a different activity base.
Answer the following statement true (T) or false (F)
If, in a transportation problem, the total number of units demanded is equal to the total number of supply units available, the transportation problem is then described as ______.
a. balanced b. degenerate c. unbalanced d. feasible
In order for the CISG to apply, the following conditions must be met except:
a. parties' places of business are in two different countries. b. the contract is for the commercial sale of goods. c. the parties must have designated the CISG as the applicable law. d. the parties' places of business are located in countries that have ratified the convention.