If a foreign government hires an American consulting firm to help the country's textile industry improve production operations, the contract is commercial, and if the foreign government refuses to pay, the consulting firm may sue the government in American courts
a. True
b. False
Indicate whether the statement is true or false
True
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A company used straight-line depreciation for an item of equipment that cost $12,000, had a salvage value of $2,000 and a five-year useful life. After depreciating the asset for three complete years, the salvage value was reduced to $1,200 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. $5,400 B. $2,400 C. $1,000 D. $2,000 E. $1,800
The balance sheet of Flo's Restaurant showed total assets of $600,000, liabilities of $160,000 and stockholders' equity of $540,000. An appraiser estimated the fair value of the restaurant assets at $680,000. If Alice Company pays $770,000 cash for the restaurant, what is the amount of goodwill?
A. $230,000 B. $90,000 C. $250,000 D. $170,000
Marketing mix refers to the ________.
A. proper blending of the basic elements of product, price, promotion, and place into an integrated marketing program B. process of identifying and evaluating the various layers of a market C. process of acquiring customers that involves obtaining individual-level consumer information D. part of the total market toward which promotional efforts are concentrated
Under the UCC, the seller's basic obligation includes being concerned with:
a. what the goods are used for after they leave the seller's possession b. the future financial solvency of the buyer c. the place of delivery d. all of the other specific choices are correct e. none of the other specific choices are correct