Unless one of the parties contractually assumes the risk, the __________ discharges a contract if supervening circumstances make fulfillment of the purpose which both parties had in mind impossible
a. bankruptcy law
b. frustration of purpose doctrine
c. perfect tender rule
d. impossibility of performance doctrine
b
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The danger associated with remaining customer-led is that:
A) businesses may ignore unexploited opportunities. B) customer benefits may not be considered always. C) businesses might ignore core competencies when serving customers. D) the marketing programs would turn out to be outbound.
All of the following components are shown in the income statement net of applicable income taxes EXCEPT
a. discontinued operations. b. cumulative effect of a change in accounting principle. c. gain or loss on sale of plant assets. d. extraordinary gain or loss.
Marion Manufacturing had the following cash flows for the current year. The company uses the direct method in preparing the statement of cash flows. Cash receipts from issuance of stock$60,000 Bonds payable issued at face value 250,000 Cash dividends received from long-term investments 4,500 Cash paid for wages 20,000 Cash paid for dividends 5,000 Cash received from customers 42,500 Cash paid for other operating expenses 19,500 Cash paid to purchase equipment 100,000 What is the net cash provided by (used in) operating activities?
A. $3,000 B. ($37,500) C. $7,500 D. ($2,000)
Outlining is one part of shaping a topic. What is a tentative outline?