Under the UCC, a sales or lease contract will fail for indefiniteness if one or more terms are left open
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
The list below contains several items that appear on a multi-step income statement. 1. Other incomes and expenses 2. Income before income taxes 3. Net income 4. Operating expenses 5. Gross margin 6. Net sales 7. Income from operations Select the choice that lists the items in the order they would appear on a multi-step income statement
A) 6, 5, 4, 7, 1, 2, 3 B) 7, 6, 1, 4, 2, 3, 5 C) 6, 5, 4, 1, 7, 2, 3 D) 6, 7, 4, 1, 2, 3, 5
A local club is selling Christmas trees and deciding how many to stock for the month of December
If demand is normally distributed with a mean of 100 and standard deviation of 20, trees have no salvage value at the end of the month, trees cost $20, and trees sell for $50 what is the service level? A) .60 B) .20 C) .84 D) .40 E) unable to determine given the above information
Brad was a professional classical guitar player until a motorcycle accident at left him disabled
After long months of therapy, he hired an experienced luthier and started a small shop to make and sell Spanish guitars. The guitars sell for $700 each, and the fixed monthly operating costs are as follows: Rent and utilities $810 Wages and benefits to luthier 2,520 Other expenses 480 Brad's accountant told him about contribution margin ratios, and Brad understood clearly that for every dollar of sales, $0.60 went to cover his fixed costs, and anything above that point was profit. Brad is planning to increase the sales price to $820. What impact will the increase in sales price have on the breakeven point in units? (Round your answer up to the nearest whole guitar.) A) It will stay the same. B) It will go down from 12 to 8 units. C) It will go up from 8 to 12 units. D) It will go down from 10 to 8 units.
The banker's rule simplifies interest computations by treating a year as having 365 days.
Answer the following statement true (T) or false (F)