Real Cheap Painters, Inc., agrees to paint Quint's house, using a particular brand of "discount" paint. Real Cheap completes the job but uses a different brand of discounted paint. This is most likely
A. an absolute excuse for Quint's refusal to pay.
B. a material breach.
C. complete performance.
D. substantial performance.
Answer: D
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Answer the following statements true (T) or false (F)
1. An equity security does not represent an ownership interest in a corporation, although it pays dividends. 2. Debt securities represent a credit relationship with another company or governmental entity. 3. A security is a share or interest representing financial value. 4. Debt securities do not include U.S. government securities.
The rules, regulations, and habits used for bricks-and-mortar stores tend to restrain and limit the success of those retailers engaged in e-commerce.
Answer the following statement true (T) or false (F)
Pleiss Corporation applies manufacturing overhead to products on the basis of standard machine-hours. The company's standard variable manufacturing overhead rate is $2.40 per machine-hour. The actual variable manufacturing overhead cost for the month was $5,240. The original budget for the month was based on 2,100 machine-hours. The company actually worked 2,270 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 2,280 machine-hours. What was the variable overhead efficiency variance for the month?
A. $24 Favorable B. $208 Favorable C. $232 Favorable D. $432 Unfavorable
New issues of securities are sold in the ________ market(s).
A. primary B. secondary C. over-the-counter D. primary and secondary