Assignees should promptly notify the promisor of an assignment because the promisor who renders performance to the assignor without notice of the assignment:
A. creates a novation.
B. has no further liability under the contract.
C. can be sued by the assignee for nonperformance.
D. is still liable under the contract.
Answer: B
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A credit memo states the amount of a sales allowance
Indicate whether the statement is true or false
Jennings Co. has total assets of $457.0 million. Its total liabilities are $126.5 million. Its equity is $330.5 million. Calculate the debt ratio. (Round your answer to 1 decimal place.)
A. 38.3%. B. 16.1%. C. 14.4%. D. 35.3%. E. 27.7%.
The Blue Saints Band is holding a concert in Toronto. Fixed costs relating to staging a concert are $350,000 . Variable costs per patron are $5.00 . The selling price for a tickets $25.00 . The Blue Saints Band has sold 24,00 . tickets so far. At the current level of sales, what is the margin of safety in dollars?
a. $162,500 b. $112,500 c. $180,000 d. $115,000
Why would a producer use wholesalers rather than sell directly to retailers or consumers?
What will be an ideal response?