Wayne agrees over the phone to sell L.J. Cartwright 1,000 yards of 1-inch diameter rope. Wayne honestly believes that L.J. Cartwright offered to pay $1.00 per yard whereas L.J.Cartwright actually offered to pay 75 cents per yard. If the parties subsequently take their dispute to court, the fact that L.J.Cartwright admits on the stand that he offered to pay Wayne 75 cents per yard will:
a. prevent L.J.Cartwright from using the statute of frauds to nullify the contract.
b. create an unconscionable contract.
c. make it possible for Wayne to enforce the contract to sell 1,000 yards of rope at a price of 75 cents per yard.
d. Both a and c are correct.
d
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David Ricardo's simplified trade model is based on all of these assumptions EXCEPT
a. costs do not vary with the level of production. b. the level of technology is fixed for all nations. c. capital is the only factor of production. d. perfect competition prevails in all markets.
Dividends are not a(n)_____________but a direct reduction of retained earnings
Fill in the blank(s) with correct word
Joan owns a small company that has about 100 employees. It is a technology-driven digital media platform. Many of her employees are grouped into teams that work on projects for several months at a time. Teams are then broken up and reformed for the next projects. There are few levels of management and when decisions are needed, they are often made by consensus. Joan also likes at create a friendly and “family-type” environment as a result of the company’s small size. The organizational culture would best be described as what dimension?
a. achievement b. adaptability c. clan d. order and consistency
Harrison Manufacturing Harrison Manufacturing has the following product information available: Sales price $50 per unit Variable costs $26 per unit Fixed costs $87,600 Refer to the Harrison Manufacturing information above. What do total sales dollars need to be in order to earn a target profit of $200,400?
A) $235,000 B) $600,000 C) $288,000 D) $417,500