A rock group assigns its payment under a performance contract to the Costume Shop, a business that has supplied the group with outrageous stage outfits, and to which the group owes a great sum of money. This is a(n)
A. valid assignment because of the rule of freedom to contract.
B. valid assignment because this is a simple transfer of the right to receive money.
C. invalid assignment because it increases the burden of the payor.
D. invalid assignment because this is a personal service contract.
Answer: B
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Data concerning Wislocki Corporation's single product appear below: Per UnitPercent of SalesSelling price$130 100%Variable expenses 26 20%Contribution margin$104 80% Fixed expenses are $466,000 per month. The company is currently selling 6,000 units per month. Required:The marketing manager would like to introduce sales commissions as an incentive for the sales staff. The marketing manager has proposed a commission of $11 per unit. In exchange, the sales staff would accept an overall decrease in their salaries of $55,000 per month. The marketing manager predicts that introducing this sales incentive would increase monthly sales by 100 units. What should be the overall effect on the company's monthly net operating income of this change?
What will be an ideal response?
An ultimate requirement of listening for information is that the listener
a. is judgmental. b. takes copious notes. c. avoids focusing on nonverbal cues. d. is able to separate fact from fiction and humor from seriousness.
Daniel, his parents, and three brothers own all the stock of their family farm corporation, and each person takes an active role in managing the enterprise. This corporation, which is taxed as a corporation, is most likely a(n)
A. S corporation. B. professional corporation. C. close corporation. D. proprietorship.
The main center of the Eurodollar market is ________
A) London B) Basel C) Paris D) New York