A buyer or lessee who rightfully covers may sue the seller or lessor for additional expenses paid
Indicate whether the statement is true or false
TRUE
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A company purchased a three-acre tract of land for a building site for $350,000. The company demolished the old building at a cost of $12,000, but was able to sell scrap from the building for $1,500. The cost of title insurance was $900 and attorney fees for reviewing the contract was $500. Property taxes paid were $3,000, of which $250 covered the period after the purchase date. The capitalized cost of the land is:
A. $364,650. B. $231,150. C. $366,400. D. $366,150.
You should always use the indirect pattern when writing a bad-news message
Indicate whether the statement is true or false
A retired operations management professor moves to New Orleans, joins the Krewe of Orpheus and convinces krewe leadership to buy their own swizzle stick production
equipment. They invest in a medium-scale machine called the Swizzo 2025, which is capable of producing swizzle sticks at the rate of 1800 per day. They run through the calculations and realize that with the space taken up by the machine, they can't possibly produce an optimal batch, so they cut the batch size down to a manageable 60,000 units. If a swizzle stick takes up 0.5 cubic inches, how much warehouse space will they save at peak inventory levels compared to producing the optimal batch size? A) 2.11 cubic feet B) 4.31 cubic feet C) 6.57 cubic feet D) 9.34 cubic feet
In the early 1920s, Ford promised its customers any color vehicle they wanted as long as it was black. Ford's management assumed anyone buying a car would accept the color black, so it made products affordable by offering only one variety in large quantities. Ford is an example of a market-oriented firm.
Answer the following statement true (T) or false (F)