Rescission of a contract occurs when two parties mutually agree to cancel a contract they had previously made

Indicate whether the statement is true or false


T

Business

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The bond department shows gross sales of $179,000 and cost of goods sold of $46,000 . What is the gross profit of the bond department?

a. $154,000 b. $133,000 c. 67.2% d. 32.8%

Business

Richland Enterprises has budgeted the following amounts for its next fiscal year: Total fixed expenses $53,000 Selling price per unit $65 Variable expenses per unit $35 If Richland Enterprises can reduce fixed expenses by $18,870, how will breakeven sales in units be affected?

A) Decrease by 629 units B) Increase by 189 units C) Increase by 629 units D) Decrease by 189 units

Business

Affirmative action programs are used to eliminate discrimination in the workplace and increase minority representation.

Answer the following statement true (T) or false (F)

Business

The gain on a warrant compared to the gain on a similar call is expressed as:

A) (N + Nw)/N. B) N/(N + Nw). C) Nw/(N + Nw). D) Nw/N. E) 1 + (Nw/N).

Business