Only a mistake in value will make a contract voidable.
Answer the following statement true (T) or false (F)
False
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Some retailers liquidate end-of-season merchandise to retailers like TJ Maxx, who in return sell it at a deep discount. What is the benefit to the retailer who liquidates merchandise using this strategy?
A. The retailer is able to replace the merchandise with other markdowns. B. It helps retailers recoup a percentage of the merchandise cost. C. It is a profitable way for retailers to get rid of undesirable merchandise. D. It lowers the reputation of the company who purchases the liquidated merchandise. E. The retailer can consolidate the merchandise.
Which of the following is not true regarding an equity carve-out?
a. It can result in the creation of minority interests. b. It arises when a combinor sells a portion of its interest in a combinee. c. It arises when a combinor dilutes its interest through an initial public offering of the subsidiary. d. The SEC requires resulting carve-out gains to be booked as non-operating income. e. It can result in the creation of minority interests.
According to the signaling theory, when should a firm use debt beyond the normal target capital structure??
A. ?When the debt/assets ratio is greater than one B. When marginal tax shelter benefits are equal to marginal bankruptcy-related costs? C. ?When investors and managers have identical information about the firm's prospects D. ?When the firm has favorable prospects E. ?When the firm is entirely equity financed
Nole, Inc., manufactures and sells two products: Product W8 and Product N0. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-HoursProduct W8100 9.0 900 Product N01,000 11.0 11,000 Total direct labor-hours 11,900 The direct labor rate is $17.40 per DLH. The direct materials cost per unit for each product is given below: Direct Materials Cost per UnitProduct W8$176.40 Product N0$280.50 The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:Activity Cost PoolsActivity MeasuresEstimated Overhead
CostExpected Activity???Product W8Product N0TotalLabor-relatedDLHs$461,720 90011,00011,900Machine setupssetups 25,865 300400700Order sizeMHs 796,220 4,0004,2008,200 $1,283,805 The overhead applied to each unit of Product W8 under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.) A. $4,344.05 per unit B. $3,884.00 per unit C. $970.92 per unit D. $1,167.10 per unit