A computer dealer whose place of business is in Chicago contracts on March 15 to sell 100
personal computers to a CPA firm whose place of business is in Milwaukee. The contract does
not mention anything about the time or place of delivery.
What are the delivery requirements
for this contract?
A) At a reasonable place on March 15
B) At the computer dealer within a reasonable time from March 15
C) At a reasonable place within a reasonable time from March 15
D) At the CPA firm within a reasonable time from March 15
E) The parties are obligated to reach an agreement for delivery, and its terms will be
controlling.
B
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The following transactions occurred last year at Dempsey Inc Issuance of common stock $ 50,000 Dividends paid to common stockholders 3,000 Depreciation Expense 6,000 Repayment of principal on the company's own bonds 40,000 Sale of equipment 17,000 Purchase of land 120,000 Based solely on the above information, the net cash flows from financing activities for the year on the statement cash flows
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