The doctrine of promissory estoppel:
a. is a doctrine enforcing noncontractual promises.
b. includes as a requirement within the doctrine that there has been justifiable reliance on the promise.
c. a doctrine relying on justice and not contractual rights.
d. All of these
d
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Distinguish between a packing slip, shipping notice, and a bill of lading
Equity valuation models based on dividends, cash flows, and earnings have been the topic of many theoretical and empirical research studies in recent years. All of the following are true regarding these studies except:
a. share prices in the capital markets generally correlate closely with share value b. share prices do not always equal share values c. temporary deviations of price from value occur d. unexpected changes in earnings, dividends, and cash flows do not correlate closely with changes in stock prices
The Federal Trade Commission enforces laws that prevent unfair competition in business
Indicate whether the statement is true or false
Backyard Living sells its barbecue sets for $170 each
Suppose the company incurs the following average cost per barbecue set: Direct materials $52 Direct labor 28 Variable manufacturing overhead 11 Variable selling expenses 5 Fixed manufacturing overhead* 24 Total cost $120 * $ 1,800,000 / 75,000 units Backyard Living has enough idle capacity to accept a one-time-only special order from Superstore, Inc for 2,000 barbecue sets at a sales price of $130 per set. Backyard Living will not incur $2 of variable selling expenses for this order. How would accepting the order affect Backyard Living's operating income? What will be an ideal response