When dealing with large corporations, small companies are especially vulnerable to problems caused by slow collections.
Answer the following statement true (T) or false (F)
True
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The date that a promissory note is due is the ____________________
Fill in the blank(s) with correct word
Clean Machines Company makes washing machines. Over the phone, Clean offers to sell Dealers Appliance Outlet one hundred model EZ2000 washers at a price of $150 per unit. Clean says that it will keep the offer open for ninety days. Dealers responds that
within two or three weeks it will decide whether to accept. One week later, Clean faxes, and Dealer receives, notice that the offer is withdrawn. Dealer immediately phones Clean to accept the $150-per-unit offer. When Clean refuses to deliver at that price, Dealer files a suit. Clean asserts, first, that there is no contract and, second, that if there is a contract, it is unenforceable. Discuss Clean's assertions.
A corporation reported cash of $14,000 and total assets of $178,300 on its balance sheet. Its common-size percent for cash equals:
A. 1273%. B. 12.73%. C. 0.0785%. D. 7850%. E. 7.85%.
Property insurance cannot be canceled for nonpayment of premiums
Indicate whether the statement is true or false