In the case of Wrench LLC v. Taco Bell Corporation, the court ruled that an implied-in-law contract
was formed and, thus, Taco Bell Corporation was in breach of contract.
Indicate whether the statement is true or false
FALSE
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The correct term for the process of recording the economic effects of business transactions in a book of original entry is
a. Double-entry system b. Debit c. Credit d. Journalizing
Which of the following should not be included in the count of ending merchandise inventory?
a. Damaged goods to be sold at a reduced price b. Goods in transit to which a company has title c. Goods in warehouses d. Goods sold but not yet delivered
If you are considering pursuing a career in project management, you can simply graduate from school and become a project manager.
Answer the following statement true (T) or false (F)
You are considering two independent projects that have differing requirements. Project A has a required return of 12 percent compared to Project B's required return of 13.5 percent. Project A costs $75,000 and has cash flows of $21,000, $49,000, and $12,000 for Years 1 to 3, respectively. Project B has an initial cost of $70,000 and cash flows of $15,000, $18,000, and $41,000 for Years 1 to 3, respectively. Based on the NPV, you should:
A) accept both Project A and Project B. B) accept Project A and reject Project B. C) accept Project B and reject Project A. D) reject both Project A and Project B. E) accept whichever one you want but not both.