Ordinarily, a waiver by a contracting party will not operate to waive subsequent, additional, or future breaches of contract

a. True
b. False
Indicate whether the statement is true or false


True

Business

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How many main clauses in a simple sentence?

A) One B) Two C) Three D) Four E) Five

Business

On July 1, Shady Creek Resort borrowed $270,000 cash by signing a 10-year, 9% installment note requiring equal payments each June 30 of $42,071. What is the journal entry to record the first annual payment?

A. Debit Interest Expense $24,300; debit Notes Payable $17,771; credit Cash $42,071. B. Debit Interest Expense $24,300; debit Interest Payable $17,771; credit Cash $42,071. C. Debit Interest Expense $42,071; credit Cash $42,071. D. Debit Interest Expense $24,300; credit Cash $24,300. E. Debit Cash $270,000; debit Interest Expense $42,071; credit Notes Payable $312,071.

Business

Young Sook owns stock in a company which has consistently paid a growing dividend over the last 10 years. The first year Young Sook owned the stock, she received $4.50 per share and in the 10th year, she received $4.92 per share

What is the growth rate of the dividends over last 10 years? A) 5 percent B) 4 percent C) 2 percent D) 1 percent E) 3 percent

Business

The mean, median, and mode have the same value for which of the following probability distributions?

a. uniform b. normal c. exponential d. Poisson

Business