A contract for a sale of goods priced at $499.99 must be in writing to be enforceable.
Answer the following statement true (T) or false (F)
False
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Net income provides a good measure of a business's debt-paying ability
Indicate whether the statement is true or false
The traditional U.S. business model:
A. assumes that business owners, public or private, operate from articulated principles. B. relies on banks to provide leverage. C. is input-process-output. D. assumes that business has an important set of social obligations.
Activity-based costing conforms to GAAP with regard to which costs should be expensed
Indicate whether the statement is true or false
Which of the following statements is CORRECT?
A. Projects with "normal" cash flows can have two or more real IRRs. B. Projects with "normal" cash flows must have two changes in the sign of the cash flows, e.g., from negative to positive to negative. If there are more than two sign changes, then the cash flow stream is "nonnormal." C. The "multiple IRR problem" can arise if a project's cash flows are "normal." D. Projects with "nonnormal" cash flows are almost never encountered in the real world. E. Projects with "normal" cash flows can have only one real IRR.