Although the replacement chain approach is appealing for dealing with mutually exclusive projects that have different lives, it is not used in practice because not projects meet the assumptions the method requires.
Answer the following statement true (T) or false (F)
False
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Members of ______ cultures are more likely to put money away in long-term savings plans.
A. future orientation B. humane orientation C. performance orientation D. feminine
Gross margin equals
A) sales revenue - selling and administrative expenses B) sales revenue - cost of goods sold C) cost of goods manufactured + beginning finished goods inventory - ending finished goods inventory D) total product costs + beginning work in process - ending work in process
Which of the following would most likely be enforceable?
a. An agreement supported by past consideration. b. A substitute agreement to settle an undisputed debt. c. A debt agreed to seven years ago in a state where the statute of limitations is six years. d. A promise following the rendering of emergency services that is not supported by new consideration.
General Equity Corporation enters into a contract with Honi, who agrees to create artwork for General's main office building. Honi delays and eventually refuses to perform. Meanwhile, General contracts to sell the building to Ideal Investments, Inc., but before the transaction is complete, Jewel Funds Company offers to pay a higher price. General refuses to transfer the building to Ideal. In separate suits by General against Honi and by Ideal against General, each plaintiff seeks specific performance. How might the court rule in each case, and why?
What will be an ideal response?