What two exceptions did the UCC create for accord and satisfaction check cases?
The first Code exception involves "organizations" which receive potentially thousands of checks every day and cannot inspect all notations. Under the exception, if an organization notifies a debtor that any offers to settle for less than the debt claimed must be made to a particular official, and the check is sent to anyone else in the organization, depositing a "full settlement" check generally does not create an accord and satisfaction. Second, if within 90 days of cashing a "full payment" check, the creditor offers repayment of the same amount to the debtor, there is no accord and satisfaction.
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In Step 2 of the breakeven analysis, plot the ______ on the vertical axis and the ______ on the horizontal axis.
A. fixed costs; variable costs B. total costs; annual production volume C. annual production volume; variable costs D. variable costs; fixed costs
In the context of instruments that are merely promises to pay, which of the following has primary liability?
A) the person in physical possession of the instrument B) the drawer of the instrument C) the drawee of the instrument D) the payee of the instrument
Mintzberg ___________ rational planning approaches to strategy.
a. Favoured b. Used c. Criticized d. Feared
Seymore Corp. has the following number of shares of stock outstanding:
The company will pay cash dividends totaling $80,000 to the two classes of stockholders this year. Not counting the current year, the preferred stock dividends are one year in arrears. Indicate whether each of the following statements is true or false.________ a) Preferred stockholders will receive $16,000 of cash dividends in the current year.________ b) After all required preferred dividends are paid, preferred and common stockholders will share the remaining dividend.________ c) Common stockholders will receive $48,000 of cash dividend in the current year.________ d) The amount of
common dividends per share that stockholders will receive in the current year is $6.40.________ e) After the $80,000 dividend is paid, the amount of dividends in arrears equals zero. What will be an ideal response?