Anticipatory breach:
a. is addressed by U.C.C. Section 2-207, not by the common law
b. means that an otherwise valid contract will not be enforced by the courts because of a subsequent illegality c. holds that a party may breach a contract if it no longer has an "essential need" for the purpose of thecontract
d. is prohibited by the U.C.C., but allowed by the common law e. none of the other choices
e
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Answer the following statements true (T) or false (F)
1. When a company acquires a long-term bond investment, by paying cash, total assets remain unchanged. 2. Investments in debt securities are recorded at cost. Brokerage fees paid are treated as expenses. 3. When a company receives interest revenue on a bond investment, total stockholders' equity remains unchanged. 4. Scott Enterprises has excess cash to invest and pays $200,000 to buy $200,000 face value, 8%, five year bonds of Hamilton Company bonds on July 1, 2018. The bonds are issued on July 1, 2018 and pay interest on June 30 and December 31. Scott will record interest revenue every six months for five years.
If a sales proposal is only five pages long, using a report format is not necessary
Indicate whether the statement is true or false.
When highlighting a product's competitive advantage based on attributes, a firm will
A. show how its product use can be advantageous to the customer. B. develop a relationship with the target market that will enhance the product's brand. C. show how its product is priced lower than the competition. D. remind customers the value of the product received in comparison to its price. E. concentrate on the unique aspects of the product that sets it apart from the competition.
Which of the following statements is CORRECT?
A. Shorter-term cash budgets, in general, are used primarily for planning purposes, while longer-term budgets are used for actual cash control. B. The cash budget and the capital budget are developed separately, and although they are both important to the firm, one does not affect the other. C. Since depreciation is a non-cash charge, it neither appears on nor has any effect on the cash budget. D. The target cash balance should be set such that it need not be adjusted for seasonal patterns and unanticipated fluctuations in receipts, although it should be changed to reflect long-term changes in the firm's operations. E. The typical cash budget reflects interest paid on loans as well as income from the investment of surplus cash. These numbers, as well as other items on the cash budget, are expected values; hence, actual results might vary from the budgeted amounts.