In October, Ashton Co ordered machines from Ross Tool to secure propellers onto airplanes. Delivery was set for December. In November, Clyde told Ashton that its propeller supplier could not ship propellers that would fit the Ross machines. Ashton told Ross that it was canceling the contract for the machines. Ross may sue:
a. Clyde for breach to recover additional expenses not compensated by a resale or salvage
b. Clyde for breach to recover additional expenses not compensated by a resale or salvage?but only if thecontract is governed by the CISG
c. Ashton for punitive damages only
d. Ashton, but it has no claim under the UCC
e. none of the other choices
e
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In the aggregate demand-aggregate supply model, everything else remaining unchanged, an increase in production costs shifts the ____ curve to the ____.
A. long-run aggregate supply; right B. long-run aggregate supply; left C. short-run aggregate supply; right D. short-run aggregate supply; left
When using the allowance method
a. the write-off of specific customers' accounts does not affect income. b. the income effect occurs in the year of sale, when the firm provides for estimated uncollectible accounts. c. the write-off of specific customers' accounts does not affect (net) accounts receivable. d. all of the above. e. none of the above.
Using the five-forces model, explain how the threat of new entrants might affect a U.S.-based manufacturer of lead acid batteries used for industrial storage.
What will be an ideal response?
Which of the following would NOT be included in a firm's total variable cost?
A. expenses for parts B. sales commissions C. depreciation on buildings D. packaging materials E. outgoing freight