The UCC has no timing rules for acceptance
Indicate whether the statement is true or false
False
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Norwood, Inc purchased a crane at a cost of $80,000 . The crane has an estimated residual value of $5,000 and an estimated life of 8 years, or 12,500 hours of operation. The crane was purchased on January 1, 2015 and was used 2,700 hours in 2015 and 2,600 hours in 2016. Refer to the information about Norwood, Inc If Norwood uses the units-of-production method, what is the depreciation rate per
hour for the equipment? a. $4.00 b. $5.00 c. $6.00 d. $7.50
In which of the following qualitative methods are subjects asked to complete an incomplete stimulus?
A) word association B) projective techniques C) visualization D) brand personification E) laddering
Kaeser Corporation's most recent balance sheet appears below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Current assets: Cash and cash equivalents$44 $36 Accounts receivable 54 60 Inventory 32 37 Total current assets 130 133 Property, plant, and equipment 527 460 Less accumulated depreciation 339 289 Net property, plant, and equipment 188 171 Total assets$ 318 $ 304 Liabilities and stockholders' equity: Current liabilities: Accounts payable$46 $41 Accrued liabilities 20 17 Income taxes payable 26 29 Total current liabilities 92 87 Bonds payable 145 180 Total liabilities 237 267 Stockholders' equity: Common stock 31 30
Retained earnings 50 7 Total stockholders' equity 81 37 Total liabilities and stockholders' equity$ 318 $ 304 The company's net income for the year was $52 and it did not sell or retire any property, plant, and equipment during the year. Cash dividends were $9. The net cash provided by (used in) investing activities for the year was: A. ($17) B. $67 C. ($67) D. $17
Which of the following is not one of the required elements of the tort of intentional interference
with contractual relations? A) Malicious intent in inducing the breach B) A valid, enforceable contract between the contracting parties C) Third-party inducement to breach the contract D) Third-party knowledge of this contract