If a contract does not provide for a time for inspection, the UCC allows inspection:
a. in a reasonable time.
b. the same day as delivery.
c. within 3 days of delivery.
d. within 10 days of delivery.
a
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In accounting for exchanges of similar assets considered to have "commercial substance," financial accounting recognizes all gains and losses
a. True b. False Indicate whether the statement is true or false
Purchasers of theatre tickets receive a 20 percent discount if they purchase and pay for the full season at one time. This is an example of what type of product-mix pricing?
A) mixed bundling B) pure bundling C) cross-promotion D) captive pricing E) two-part pricing
Describe at least four of the different types of budgets that are frequently used.
What will be an ideal response?
GP&L sold $1,000,000 of 12 percent, 30-year, semiannual payment bonds 15 years ago. The bonds are not callable, but they do have a sinking fund which requires GP&L to redeem 5 percent of the original face value of the issue each year ($50,000), beginning in Year 11. To date, 25 percent of the issue has been retired. The company can either call bonds at par for sinking fund purposes or purchase bonds in the open market, spending sufficient money to redeem 5 percent of the original face value each year. If the yield to maturity (15 years remaining) on the bonds is currently 14 percent, what is the least amount of money GP&L must put in to satisfy the sinking fund provisionfor the next redemption? (Round the answer to the nearest whole number.)
A. $43,856 B. $50,000 C. $37,500 D. $43,796 E. $39,422