If a contract for the sale of goods omits the price to be paid, the: ______
A) contract is void because it is too indefinite to be enforced.
B) buyer is required to pay a reasonable price for the goods.
C) buyer can pay whatever price the buyer in good faith believes is a proper price.
D) seller can rightfully charge whatever price the seller in good faith believes is a proper price.
B
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The top management at Lion Manufacturers decides to search its employees on the job. However, Rajat, Lion's HR manager, believes that it could generate privacy issues. Which condition would strengthen Rajat's belief and maximize the likelihood of a lawsuit?
A. if the search includes random legal and permissible searches of desks, lockers, and toolboxes B. if the search is done after asking for the employees' consent C. if the search policy is publicized and applied and carried out consistently D. if the search involves communications, such as e-mails, that are searched without probable cause E. if the search is a random check, and it is clarified that no one has been accused of misdeeds
Conan Corporation had the following transactions in its first year of operations: Sales (90 percent collected in the first year) ....... $900,000 Disbursements for costs and expenses ................. 600,000 Purchases of equipment for cash ...................... 200,000 Proceeds from issuance of common stock ............... 250,000 Payments on short-term borrowings .................... 25,000
Proceeds from short-term borrowings .................. 50,000 Depreciation on equipment ............................ 40,000 Disbursements for income taxes ....................... 45,000 Bad debt write-offs .................................. 30,000 What is the cash balance at December 31 of the first year? a. $170,000 b. $200,000 c. $240,000 d. $290,000
When computing dilutive EPS, the treasury stock method can be used for all of the following except
a. stock warrants. b. convertible preferred stock. c. stock options. d. stock rights.
Which of the following would be included in the Transition Fund?
A) Insurance policies B) College tuition C) Probate costs D) Lifestyle assets