An implied contract is one in which the agreement is shown not by words, written or spoken, but by the acts and conduct of the parties
Indicate whether the statement is true or false
True
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Partners Dennis and Lilly have decided to liquidate their business. The following information is available: Cash$100,000 Accounts payable$100,000 Inventory 200,000 Dennis, Capital 120,000 Lilly, Capital 80,000 $300,000 $300,000 Dennis and Lilly share profits and losses in a 3:2 ratio. During the first month of liquidation, half the inventory is sold for $60,000, and $60,000 of the accounts payable is paid. During the second month, the rest of the inventory is sold for $45,000, and the remaining accounts payable are paid. Cash is distributed at the end of each month, and the liquidation is completed at the end of the second month.Refer to the information provided above. Using a safe payments schedule, how much cash will be distributed to Dennis at the end of
the second month? A. $27,000 B. $36,000 C. $60,000 D. $18,000
Your uncle has $300,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, beginning at the end of this year. He also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. What is the maximum number of $35,000 withdrawals that he can make and still have at least $25,000 left in the account? (Hint: If your solution for N is not an integer, round down to the nearest whole number.)
A. 12 B. 13 C. 14 D. 15 E. 16
Because family needs and expenditures change over time, marketers may segment consumers by ________
A) age B) generation C) family life cycle stage D) social class E) psychographics
Interruptions are commonplace during sales presentations.
Answer the following statement true (T) or false (F)