Francis signs an agreement with Sam on July 21, but four days later decides he made a bad deal
Which of the following, if true, will be a legal basis for Francis to get out of the contract?
A) Both Sam and Francis are mistaken as to the subject matter of the contract.
B) The consideration given up by Francis was twice the value of that given up by Sam.
C) Sam breached a contract with Francis last year.
D) He did not receive a fair price for the goods or services he sold in the contract.
A
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Which of the following situations is not the result of a weakness in or lack of internal controls?
A. Financial statements are misstated because individuals were able to update financial information beyond that needed to perform their job functions. B. Earnings per share are misstated due to a spreadsheet error. C. A sales order is placed on back-order, but is never filled or canceled. D. The vendor bills an amount different than the amount entered on the purchase order.
A shopper is most likely to receive standardized customer service in
A. McDonald's. B. Bass Pro Shops. C. Marriott Hotel. D. Nordstrom. E. Ritz Carlton Hotel.
A preferred stock is expected to pay a $0.75 dividend every quarter indefinitely. If the required rate of return is 10% with quarterly compounding, what formula in B3 can be used to determine the value of this stock?
a) =B1/B2/4
b) =B1/B2
c) =B1/(B2/4)
d) =B1*4/(B2/4)
e) =B1/(B3/4)
A package delivery company sells intangibles to its customers
Indicate whether the statement is true or false