The leadership of any organization is the best source of information on where the business should be going and how it is going to get there.
Answer the following statement true (T) or false (F)
True
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Contracts that are traditionally required to be in writing by the statute of frauds are:
A. contracts for the transfer of an interest in land. B. contracts for the sale of goods costing less than $500. C. bilateral contracts that have been fully performed by both parties. D. bilateral contracts that are capable of being performed within a year of their formation.
Which of the following is not a distinguishing characteristic of a derivative instrument?
a. Derivative instruments have terms that require or permit net settlement. b. Derivative instruments have a low initial net investment. c. Derivative instruments are highly effective throughout their term. d. Derivative instruments have one or more underlyings and notional amounts.
Falcon Environmental Services, Inc. provides consulting services to power plants . The consulting firm's contribution-margin ratio is 15 percent, and its annual fixed expenses are $135,000. The firm's income-tax rate is 35 percent.Required:1.Calculate the firm's break-even volume of service revenue.2.How much before-tax income must the firm earn to make an after-tax net income of $65,000?3.What level of revenue for consulting services must the firm generate to earn an after-tax net income of $65,000?4.Suppose the firm's income-tax rate rises to 45 percent. Explain what will happen to the break-even level of consulting service revenue.
What will be an ideal response?
A company has the possibility to pay off a line of credit early for a 2% discount rate if paid off in 25 days. There are 24.333 discount periods for the year for this money if the discount is not taken. What are the terms for this cash discount?
A) 2/25 net 50 B) 2/25 net 40 C) 2/25 net 60 D) 2/25 net 70 E) 2/25 net 30