Identify the factors courts consider in deciding the validity of commercial impracticability and frustration of purpose claims
In deciding whether a change in circumstances should permit one side to escape its duties under the doctrines of commercial impracticability or frustration of purpose, courts consider the following: (a) mere financial difficulties will never suffice to discharge a contract; (b) the event which led to the claim must have been truly unexpected; and (c) if the promisor must use a different means to accomplish her task, at a greatly increased cost, she probably does have a valid claim of impracticability.
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A consumer's belief about what the future holds is an indicator of consumer confidence
Indicate whether the statement is true or false
Brendan Company sold merchandise worth $1,600 on credit, terms n/15. The merchandise sold had cost $1,100. What is the required journal entry to record the transaction under the perpetual inventory system?
A) Accounts Receivable 1,600 Sales 1,600Cost of Goods Sold 1,100Merchandise Inventory 1,100 B) Sales 1,600 Accounts Receivable 1,600Merchandise Inventory 1,100Cost of Goods Sold 1,100 C) Accounts Receivable 1,600 Merchandise Inventory 1,600Cost of Goods Sold 1,100Merchandise Inventory 1,100 D) Merchandise Inventory 1,600 Sales 1,600Cost of Goods Sold 1,100Merchandise Inventory 1,100
Which of the following would not affect the break-even point?
A. total fixed expense B. number of units sold C. selling price per unit D. variable expense per unit
All proposals should show the value and benefits of the product or services being recommended and A) include free prizes or other gimmicks
B) use easy-to-understand language. C) be organized indirectly. D) be organized directly.