Raw Resources, Inc., sells unprocessed minerals to commercial processors in Texas. With regard to the UCC's good faith requirement, Raw can
A. avoid it only by a conspicuous written disclaimer.
B. avoid it only by oral disclaimer.
C. avoid it with or without a disclaimer.
D. not disclaim it.
Answer: D
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The owners of Have It Your Way Hot Dogs have decided to place an advertisement in the local minor league baseball team's program booklet. Which element of the marketing mix does this represent?
A. price B. promotion C. product D. purpose E. place
If a merchant signs a written offer to buy or sell goods, this will be irrevocable only if accompanied by consideration
a. True b. False Indicate whether the statement is true or false
Copybold Corporation is a start-up company that has a capital structure with a debt/assets ratio equal to 0.75. Copybold has no preferred stock.There are two possible scenarios with respect to the firm's operations: Feast or Famine. The Feast scenario has a 60 percent probability of occurring, and the forecast earnings before interest and taxes (EBIT) in this scenario is $60,000. The Famine scenario has a 40 percent chance of occurring, and the EBIT is expected to be $20,000. Further, the firm's cost of debt is 12 percent. The firm has $400,000 in total assets, and its marginal tax rate is 40 percent. The company has 10,000 shares of stock outstanding. What is the difference between the earnings per share (EPS) forecasts for the Feast scenario and the Famine scenario?
A. $1.44 per share B. $2.40 per share C. $1.48 per share D. $0.48 per share E. $0.96 per share
Joels, a bank vice president, regularly took money for his own use from customer accounts and made false entries in the bank records. Joels committed the crime of
a. blackmail. b. robbery. c. burglary. d. embezzlement.