Which one of the following transactions is not governed by Article 2 of the UCC?
a. Purchasing an automobile for $35,000
b. Leasing an automobile worth $35,000
c. Purchasing a stereo worth $501
d. Purchasing a stereo worth $499
.B
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In Chapter 11's "FYI: Disney's Credibility Correction," the key lesson is that today, companies are more compelled than ever to do the right thing
Indicate whether the statement is true or false
Which of the following statements regarding social enterprises is TRUE?
a. Social enterprises are essentially nonprofit organizations. b. To become a socially conscious organization, one-half of shareholders must approve. c. The focus of social enterprises is the motto "reduce, reuse, recycle." d. Unlike charities, social enterprises can sell stock to investors.
Concurrent jurisdiction is when the:
a. state and local court systems both have jurisdiction b. court had jurisdiction over people and property c. court has jurisdiction over non-current assets d. federal and state court systems both have jurisdiction e. federal courts have jurisdiction over foreign citizens
The Young Company has gathered the following information for a unit of its most popular product: Direct materials$12 Direct labor 6 Overhead (40% variable) 10 Cost to manufacture 28 Desired markup (50%) 14 Target selling price$42 The above cost information is based on 10,000 units. A distributor has offered to buy 2,000 units at a price of $32 per unit. The distributor claims this special order would not disturb regular sales at $42. Special packaging and other selling expenses would be an additional $0.50 per unit for the special order. How many units of regular sales could be lost before this contract is not profitable?
A. 1,000 units B. 0 units C. 2,000 units D. 950 units