Payton promises to sell to Candice an automobile for $12,000, for which Candice promises $12,000. A bilateral contract exists
Indicate whether the statement is true or false
True
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Managing inventory turnover involves balancing which of the following consideration(s) in setting the optimum level of inventory and, thus, the rate of inventory turnover?
a. For a given amount of gross margin on the goods, firms prefer to sell as many goods as possible with a minimum of assets tied up in inventories. b. An increase in the rate of inventory turnover between periods indicates reduced costs of financing the investment in inventory. c. Management does not want to have so little inventory on hand that shortages result in lost sales. d. Increases in the rate of inventory turnover caused by inventory shortages could signal a loss of customers. e. All of the above.
Which of the following is not a part of the "what to sell" decision?
a. license know-how b. sell "proof-of-concept" c. sell the company d. sell components e. sell final products or systems
Which of the following individuals or couples qualify for the child- and dependent-care credit? I.Lois is single and earns $45,000 for the year. She pays $2,600 in child-care costs for her 8-year-old daughter.II.Patrick and Carol are married and together they earn $67,000 ($42,000 and $25,000, respectively). They pay $5,000 in child-care costs for their twin boys, age 11.?
A. Only statement I is correct. B. Only statement II is correct. C. Both statements are correct. D. Neither statement is correct.
All books owned by a library are listed in catalogs, usually online
Indicate whether this statement is true or false.