The exchange rate at which two parties agree to exchange currencies on a specified future date is called a ________ rate
A) forward
B) prime
C) spot
D) cross
A
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Which of the following is not true regarding the lower-of-cost-or-market basis for inventory valuation?
a. It is a conservative accounting policy. b. It recognizes losses from decreases in market value before a sale occurs. c. It recognizes gains from increases in market value above original acquisition cost only when a sale occurs. d. It reports inventories on the balance sheet at amounts that are never greater, but may be less, than acquisition cost. e. It reports inventories on the balance sheet at amounts that are equal to the acquisition cost less a normal profit margin.
Describe how capacity enhancements can improve a company’s economies-of-scale. Provide at least one example (from the textbook or from another source) of this.
What will be an ideal response?
Under the UCC, an agreement modifying a contract needs new consideration to be binding.
Answer the following statement true (T) or false (F)
Jean is playing a computer game on a bad disk that melts in her drive, starting a fire that injures her hands. Jean files a suit against K-Tech, Inc, the game's manufacturer. K-Tech is held liable under the doctrine of strict liability. A significant application of this doctrine is in the area of A) criminal law
B) intentional torts. C) product liability. D) ?negligence.