Substantial performance is
a. slightly less than full performance.
b. achieved when a person in good faith has fulfilled all the major requirements of the contract.
c. often applied to construction contracts.
d. all of these.
D
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Firms can expect that proper use of a valid vendor file will result in all of the following benefits except
a. Purchases from unapproved vendors will be prevented. b. Purchases from fictitious vendors will be detected. c. The most competitive price will be obtained. d. The risk of purchasing agents receiving kickbacks and bribes will be reduced.
Accounting periods should be of equal length to facilitate comparisons between periods
Indicate whether the statement is true or false
In terms of ethnic and racial makeup, why is the United States today more accurately characterized as a "salad bowl" than a "melting pot"?
What will be an ideal response?
Using the code for FVCFs, where CashFlows = B2:F2, Time = 7, and Rate = 7%, what is the value of FV when t=2?
Public Function FVCFs(CashFlows As Range, Time As Single, Rate As Single) As Single
Dim t As Integer, VarCount As Integer
Dim FV As Single
VarCount = CashFlows.Count
FV = 0
For t = 1 To VarCount
FV = FV + CashFlows(t) * (1 + Rate) ^ (Time - t)
Next t
FVCFs = FV
End Function
a) $150.07
b) $430.58
c) $823.82
d) $1,313.84
e) $1,886.29