Force majeure clauses deal with quasi-contracts under the old and new UCC
Indicate whether the statement is true or false
False
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Which of the following arranges export financing payment methods in descending order starting with the most secure/reliable and ending with the least secure/reliable?
A) sales on open account?cash in advance?documentary credit (L/C)?documentary collection (draft) B) documentary credit (L/C)?sales on open account?documentary collection (draft)?cash in advance C) documentary collection (draft)?documentary credit (L/C)?cash in advance?sales on open account D) cash in advance?documentary credit (L/C)?documentary collection (draft)?sales on open account E) none of the above
The primary objective of ________ advertising is to build selective demand
A) reminder B) classified C) personal D) informative E) persuasive
A marketing plan explains what the customer will receive in return for buying the product or service.
Answer the following statement true (T) or false (F)
A company used straight-line depreciation for an item of equipment that cost $18,300, had a salvage value of $4800 and a six-year useful life. After depreciating the asset for three complete years, the salvage value was reduced to $1830 but its total useful life remained the same. Determine the amount of depreciation to be charged against the equipment during each of the remaining years of its useful life:
A. $4320. B. $1350. C. $7090. D. $4800. E. $3240.