Where the seller fails to make delivery, the buyer can cancel the contract, but he must give the seller notice of his cancellation
Indicate whether the statement is true or false
True
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For the FOIA exemption regarding national defense and/or foreign policy to apply:
a. Congress must specifically refer to the document or information in a statute b. the president must issue an executive order c. the document or information must be covered under the Privacy Act also d. the president must review the document or information and authorize an exemption bysigned letter to the agency in possession of the document or information
As of December 31, Year 1, Gant Corporation had a current ratio of 1.29, quick ratio of 1.05, and working capital of $18,000. The company uses a perpetual inventory system and sells merchandise for more than it cost. On January 1, Year 2, Gant collected $5,200 of accounts receivable. As a result of this transaction, Gant's working capital will:
A. Increase. B. Remain the same. C. Decrease. D. Cannot be determined.
The total fixed overhead variance is the total of the variable overhead cost variance and fixed overhead volume variance
Indicate whether the statement is true or false
Another name for an asset's expected rate of return is holding-period return
Indicate whether the statement is true or false