Which of the following is true of undue influence in entering contracts?
A) Undue influence need not require the overcoming of the innocent party's free will.
B) Undue influence is not grounds for prosecution, as the innocent party has complete freedom to evaluate the terms of the contract.
C) A contract that is entered into because of undue influence is not voidable.
D) A fiduciary or confidential relationship must have existed between the parties for undue influence to be proven.
D
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All of the following statements regarding stock dividends are true except:
A. Stock dividends decrease the number of shares outstanding. B. Stock dividends provide evidence of management's confidence that the company is doing well. C. Stock dividends do not reduce assets or equity. D. Directors can use stock dividends to keep the market price of the stock affordable. E. Stock dividends transfer a portion of equity from retained earnings to contributed capital.
Competitive advantages of a "pull" vehicle distribution process include
A) virtually real-time market feedback. B) large cost savings in finished vehicle inventory carrying costs. C) improved customer satisfaction and pricing. D) all of the above.
Which of the following can contribute to a decrease in national saving?
a. a federal budget deficit b. an increase in the state and local government aggregate surplus c. a federal budget surplus d. an increase in personal saving
A company's history indicates that 20% of its sales are for cash and the rest are on credit. Collections on credit sales are 20% in the month of the sale, 50% in the next month, 25% the following month, and 5% is uncollectible. Projected sales for December, January, and February are $60,000, $85,000, and $95,000, respectively. The February expected cash receipts from all current and prior credit sales are
A. $61,200 B. $57,000 C. $66,400 D. $90,250