American style options can only be exercised on their expiration dates
Indicate whether the statement is true or false.
Answer: FALSE
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On January 1, Year 1, Milton Manufacturing Company purchased equipment with a list price of $28,000. A total of $2200 was paid for installation and testing. During the first year, Milton paid $3300 for insurance on the equipment and another $610 for routine maintenance and repairs. Milton uses the units-of-production method of depreciation. Useful life is estimated at 100,000 units, and estimated salvage value is $4400. During Year 1, the equipment produced 12,000 units. What is the amount of depreciation for Year 1?
A. $3096 B. $3565 C. $4020 D. $3492
The generalization process is often referred to as:
A) parameter estimation B) statistical interval positioning C) estimation of sample findings D) deductive rationale statistics E) Roman estimation
Looking in company files for information is a waste of time
Indicate whether the statement is true or false
Maja was hired by a print shop to create a series of four advertisements to be used in its marketing campaign. Maja was to receive $2,000 for her work
The shop was so satisfied with the first three advertisements that it agreed to pay Maja the entire $2,000 for those three. Elated, Maja immediately booked a trip to Paris. The print shop later decided it shouldn't have been so generous and brought an action against Maja for breach of contract and demanded the completion of the fourth advertisement. What is Maja's best defence? A) The Statute of Frauds. B) Promissory estoppel C) Lack of intention D) No consideration E) Bad faith