Hydro Source Company contracts to sell pumps, tanks, and water storage systems to InFlo Irrigation, Inc Before the goods are delivered, InFlo indicates that it will not be able to pay. Hydro Source can
A) forceInFlo to accept and pay for the goods
B) requireInFlo to find a buyer for the goods.
C) resell the goods and recover any damages from InFlo.
D) do nothing.
C
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If a company is having trouble paying its obligations, a modification of terms can be granted in the form of interest rate reduction, maturity date extension, and/or a reduction in the amount owed.
Answer the following statement true (T) or false (F)
Unrealized Gain (Loss) on Available-for-Sale Investments is disclosed in which financial statement?
a. statement of cash flows b. income statement c. accounts receivable report d. balance sheet
The benefits of transportation by pipeline include ______.
a. more disruptions from inclement weather b. more worker strikes and absenteeism c. safety and security d. the need to switch transportation points
The text discusses the topic of compounding over a large number of compounding periods
To illustrate, it shows that $1,000 invested at 8% for 40 years (annual compounding) grows to $21,724. But if you could earn 10% instead of 8%, you would earn ________ more at the end of 40 years. A) $4,431 B) 25 percent C) $23,535 D) $1,250