An output contract is
A. Illusory
B. Unconscionable
C. Voidable
D. None of the above
Answer: D. None of the above
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A sales engineer works for a manufacturer and sells the benefits of intangible products.
Answer the following statement true (T) or false (F)
Oriental Reproductions, Inc. is a company that produces handmade carpets with oriental designs. The production records show that the monthly production has ranged from 1 to 5 carpets. The production levels and their respective probabilities are shown below. Production Per Month Probability 1 0.01 2 0.04 3 0.10 4 0.80 5 0.05 The expected monthly production level is
A. 1.00. B. 4.00. C. 3.00. D. 3.84.
Vandezande Inc. is considering the acquisition of a new machine that costs $370,000 and has a useful life of 5 years with no salvage value. The incremental net operating income and incremental net cash flows that would be produced by the machine are (Ignore income taxes.): Incremental Net Operating IncomeIncremental Net Cash FlowsYear 1$54,000 $128,000 Year 2$31,000 $105,000 Year 3$52,000 $126,000 Year 4$49,000 $123,000 Year 5$48,000 $122,000 Assume cash flows occur uniformly throughout a year except for the initial investment.The payback period of this investment is closest to:
A. 2.9 years B. 3.1 years C. 5.0 years D. 4.9 years
The type of business activity that relates to obtaining funds from either issuing stock or borrowing money is called ____________________
Fill in the blank(s) with correct word