Denton agreed to build a cedar deck for the Thrashers for $7,000. After he began the work, the Thrashers asked him to add cedar flower boxes at one side. Denton replied he would, but it would cost an additional $600. The Thrashers would not be obligated to pay the additional sum because the original agreement already obligated Denton to complete the deck for $7,000.
Answer the following statement true (T) or false (F)
False
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Nicholas Industries can issue a 20-year bond with a 6% annual coupon. This bond is not convertible, is not callable, and has no sinking fund. Alternatively, Nicholas could issue a 20-year bond that is convertible into common equity, may be called, and has a sinking fund. Which of the following most accurately describes the coupon rate that Nicholas would have to pay on the convertible, callable bond?
A. It could be less than, equal to, or greater than 6%. B. Greater than 6%. C. Exactly equal to 8%. D. Less than 6%. E. Exactly equal to 6%.
The margin of safety is a key concept of CVP analysis. The margin of safety is the
a. contribution margin rate. b. difference between budgeted contribution margin and actual contribution margin. c. difference between budgeted contribution margin and break-even contribution margin. d. difference between budgeted sales and break-even sales.
The rule established by the U.S Supreme Court , which mandates that an agency have
one consolidated comparative hearing whenever two or more parties are competing for one license, is known as the ____ doctrine. Fill in the blanks with correct word
A constructive bailment is a bailment for the sole benefit of the bailor
Indicate whether the statement is true or false