A ________ exists if both parties know the object of the contract but are mistaken as to its value
A) Mutual mistake of identity
B) Mutual mistake of a material fact
C) Unilateral mistake
D) Mutual mistake of a value
E) Unilateral mistake of value
D
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Sales commission expenses are included in special order decision analysis even if the customer approached the company directly
Indicate whether the statement is true or false
Organisations that are owned by their members, whether customers, employees or local residents, and exist to serve those members are called:
a. mutual societies b. enterprises c. communes d. cooperatives
Changes to the master schedule during the frozen time fence may be requested only by the ______.
a. master scheduler b. senior executive c. production planner d. inventory manager
Derrick was in an automobile accident while he was going to work. The doctor advised him to stay home for eight months due to his physical injuries. The resulting lawsuit was settled and Derrick received the following amounts:Compensatory damages for physical injury$80,000Punitive damages95,000How much of the settlement must Derrick include in ordinary income on his tax return?
A. $80,000 B. $0 C. $95,000 D. $175,000