On July 10, Pet Supply Store orders fifty small dog collars from Quality Collars, Inc to be delivered by July 15. On July 13, Quality Collars tenders fifty large dog collars. Pet Supply rejects the shipment. Quality Collars has
a. no right to cure.
b. until July 15 to cure.
c. until the end of the business day on July 13 to cure.
d. unlimited time to cure.
B
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Indicate whether the statement is true or false.
Contracts with bondholders, other lenders, and preferred shareholders often limit dividend payments and thereby compel the retention of earnings. Which of the following is/are true?
a. A bond contract may require that total liabilities not exceed the total amount of shareholders' equity. b. A bond contract may require that firms retire debt "out of earnings.". c. A bond contract's provisions may involves curtailing dividends so that the necessary debt service payments, plus any dividends, do not exceed the amount of earnings for the period. d. Financial statement notes must disclose significant limitations on dividend declarations. e. all of the above
Suppose that a firm has a degree of financial leverage (DFL) that is greater than 1.0; that is, DFL > 1. If the firm's sales decrease by 1 percent, its ______ will decrease by more than 1 percent.
A. earnings per share (EPS) B. net operating income (NOI) C. interest expense D. variable costs E. fixed financing costs
Congress enacts a statute to outlaw a specific type of anticompetitive business agreement. Like other laws that regulate economic competition, this law is referred to as
a. a federal trade commission act. b. an antitrust law. c. an interstate commerce act. d. a suppressive restraint on trade.