If the delivery terms are not specified in a contract, it must be "reasonable" which is determined by industry custom and intent of the parties

a. True
b. False
Indicate whether the statement is true or false


True

Business

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The buyer's incidental damages resulting from the seller's breach include:

a. expenses reasonably incurred in inspection of rightfully rejected goods. b. any commercially reasonable charges or commissions in connection with obtaining cover. c. any reasonable expenses connected to the delay. d. All of these. e. None of these.

Business

Christine is very driven and works hard to achieve her personal and organizational goals. She likes being viewed as an expert and team leader who has influence over her peers. She is also careful not to damage her relationships with her peers by being too bossy or demanding. Identify and define the three needs Christine exhibits in the context of McClelland's needs theory.

What will be an ideal response?

Business

A planning strategy that defers a tax cost without deferring the receipt of before-tax cash flows decreases the NPV of the transaction.

Answer the following statement true (T) or false (F)

Business

The most recent balance sheet and income statement of Oldaker Corporation appear below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets:      Cash and cash equivalents$31 $29 Accounts receivable 73  79 Inventory 44  45 Property, plant and equipment 728  590 Less accumulated depreciation 253  242 Total assets$623 $501 Liabilities and stockholders' equity:      Accounts payable$56 $63 Accrued liabilities 21  22 Income taxes payable 26  28 Bonds payable 121  110 Common stock 33  30 Retained earnings 366  248 Total liabilities and stockholders' equity$623 $501  Income Statement?Sales$921Cost of goods sold   575Gross margin 346Selling and administrative expense  117Net operating income229Income taxes 

69Net income  $160The company paid a cash dividend of $42 and it did not dispose of any property, plant, and equipment. The company did not retire any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.The net cash provided by (used in) investing activities for the year was: A. $138 B. $(127) C. $(138) D. $127

Business