Distribution of dividends represents increases in retained earnings
Indicate whether the statement is true or false
FALSE
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Statutes of limitations
a. define how much money the injured party can sue for under a breach of contract claim. b. define whether there has been substantial performance of a contract or a material breach. c. limit the time in which an injured party may sue. d. only apply to the sale of goods. There is no statute of limitations on a service contract.
The common law requirement that the seller make a tender of delivery that conforms in all respects to the contract requirements was retained by drafters of the UCC, although the Code includes sections that limit the rule's effect
a. True b. False Indicate whether the statement is true or false
How many orders per year do they place if they order at double their EOQ quantity?
Kushie's Coffee in Bangalore is a quaint establishment nestled near MG Road in the central business district. It serves coffee and fruit cake to a clientele that has been enjoying these products for over fifty years. The demand for coffee beans is 6600 cases per year (each case has 24 ten-pound bags). It would be disastrous for them to run out of coffee, so they keep a safety stock of 30 cases. The cases cost $4800 and it costs $5 per case to order coffee. As coffee is a perishable product, the holding cost is fairly high at $40/case/year. The lead time to receive an order is seven days. Kushie's is open 300 days a year. A) 40.6 B) 81.2 C) 162.5 D) 325
In what capacity is an accommodation party liable?