A times interest earned of 0.9 means that interest will not be paid
Indicate whether the statement is true or false
FALSE
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On May 1, 2002, Marek received a telegram from Sergei offering to support him in his new construction project. On May 5, 2002, at 9:00 a.m., Sergei sends Marek a telegram attempting to revoke the offer. At 11:00 a.m. on the same day, Marek mails Sergei a letter attempting to accept the offer. At 11:30 a.m., Marek receives Sergei's revocation. Assume Marek and Sergei are both construction contractors and the custom in the construction business is to offer by telegram and accept by mail. Which of the following statements holds true in this situation?
A. Marek's acceptance would be effective only when Sergei reads the acceptance, which would then create the contract. B. The parties would have a contract because Marek used the means of communication impliedly authorized by trade usage. C. Sergei's revocation can make changes to the contract, though it reaches Marek after he sends the acceptance mail. D. The parties would not have a contract as Marek used a nonauthorized means of communicating his acceptance.
The calculation of free cash flow contains a deduction for
a. interest expense. b. depreciation. c. dividends. d. net cash flows from operating activities.
Multinational enterprises (MNEs) like Harley-Davidson, Rolex, and Starbucks are said to be following an international strategy because
A. they are highly responsive to the local needs and preferences of customers in the host countries. B. they attempt to combine benefits of localization and standardization strategies simultaneously. C. they pursue a cost leadership strategy in their respective industries. D. they offer the same products or services in all their stores throughout the world.
If one or both parties to a sales contract are merchants, any additional terms are considered proposed additions to the contract
Indicate whether the statement is true or false