Under which of the following circumstances is it permissible for a company to make default in the repayment of monies due on bonds that it has issued?
A) When the company is unprofitable
B) When the directors have been unable to declare a divided
C) When an annual general meeting has not been held within the timeframe required by law.
D) All of the above
E) None of the above
E
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Describe the levels of service that retailers can offer. Provide an example of each type of retailer
What will be an ideal response?
A retailer purchases merchandise with a catalog list price of $15,000. The retailer receives a 30% trade discount and credit terms of 2/10, n/30. What amount should the retailer debit to the Merchandise Inventory account?
A) $4,500 B) $10,500 C) $10,290 D) $14,700
Discuss the various contracts that must be in writing to be enforceable
What will be an ideal response?
Contracts in which one party agrees to buy all his requirements of certain goods from the other party are generally unenforceable because there is no definite amount
a. True b. False Indicate whether the statement is true or false