Express conditions are provided for by the parties' agreement.
Answer the following statement true (T) or false (F)
True
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Montegut Manufacturing produces a product for which the annual demand is 10,000 units. Production averages 100 units per day, while demand is 40 units per day. Holding costs are $2.00 per unit per year, and setup cost is $200.00
(a) If the firm wishes to produce this product in economic batches, what size batch should be used? (b) What is the maximum inventory level? (c) How many order cycles are there per year? (d) What are the total annual holding and setup costs?
Under the FCCPA, the liability of a credit card holder for another's unauthorized use of the card is limited to:
A) $500. B) $100. C) $50. D) None of these; liability is unlimited.
William recently sold his successful business to Janice. The contract for the sale contained an unreasonable restriction that did not allow William to open a similar business for fifteen years. In this instance, the courts would likely:
A) reform the contract to make it reasonable and enforceable. B) require the parties to draft a new contract. C) enforce the contract as it is written. D) void the contract on grounds of unconscionability.
A key to calculating your taxes is deciding which Form 1050 to use: 1050EZ, 1050A, or 1050
Indicate whether this statement is true or false.