Trend-Rite Clothiers, Inc, sells t-shirts to Brand Name Stores, Inc, under an existing con-tract. When textile costs increase, Brand agrees to a price increase, but later wants to cancel the contract. Brand may
A) cancel the contract immediately
B) cancel the contract only after accepting a final shipment.
C) cancel the contract only on reasonable notice.
D) not cancel the contract.
D
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Which of the following is an application of accrual accounting?
a. Depreciating a building as quickly as allowed by income tax regulations b. Recording utilities expense in the accounting period covered by the monthly bill c. Expensing a machine in its entirety when purchased d. Recording revenue at the time payment is received
Assume an organization has total current assets of $300,000; total current liabilities of $75,000; inventories of $150,000; prepaid expenses of $25,000; net sales of $800,000; and beginning accounts receivable of $100,000 and ending accounts receivable of $74,000 . What is the current ratio for this organization?
a. 17.9 b. 3.0 c. $225,000 d. 4.0
Financial incentives are
a. different from monetary rewards. b. provided to all employee groups. c. the same thing as salary element. d. available to top management whose performance exceeds targeted objectives.
In the sentence The CEO, as well as ?the division managers, attended the conference in New Orleans, the simple subject is ______
A) c?onference B) ?managers C) CEO D) ?New Orleans