When the Statute of Frauds requires that a contract be in writing, how much of a writing is required? Is a complete, written and signed contract necessary? If not, what satisfies the requirement?
Although the Statute of Frauds should encourage careful draftsmanship, any writing satisfies the requirement if it sufficiently expresses the agreement. Of course, the party against whom enforcement is sought must sign it. The writing could consist of a memorandum or letter(s), or as in one author's case, a series of Bills of Lading and scribbled notes on company stationery sufficed.
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At the beginning of 2018, Uptown Travel Company has the following account balances:
Accounts receivable $45,000 (Debit) Allowance for Bad Debts $6000 (Credit) During the year, credit sales were $850,000. Cash collected on credit sales was $770,000, and $17,000 was written off. Uptown uses the aging-of-receivables method to record bad debts expense. The amount estimated as uncollectible was $26,000. The amount of Bad Debts Expense for 2018 is _______ A) $37,000 B) $26,000 C) $11,000 D) $9000
Find the area under the normal curve between the Z values 0.89 and 2.14.
A. 17.06% B. 14.99% C. 18.23% D. 42.30%
The firm will pay an annual dividend this year of $2 per share. The current market price of the stock is $40.00 per share. The book value of this stock is $24.00 per share. The earnings per share for this firm is $5.75
What is the current dividend yield of this stock? A) 14.38% B) 8.33% C) 23.9% D) 5%
Extensive analysis reveals that if Personal Devices offered Indian customers products at a number of different price points, the company would initially earn more profits but damage the brand in the long term
Which of the following, if true, supports the argument that Personal Devices should offer products at multiple price points? A) One of the core values of Personal Devices is to offer only the most advanced technology. B) Major stockholders of Personal Devices are primarily motivated by short-term profits. C) Competitors have adapted their products considerably for the Indian market. D) Indian customers are increasingly becoming selective about the brands they purchase. E) The huge Indian middle class is rapidly reaching a level where they can afford premium products.