iSharp, Inc, and Jenene, the owner of a Kitchen Time shop, orally agree to a sale of knives and other utensils for $12,000. Jenene gives iSharp a check for $4,000 as a partial payment. This contract is
a. enforceable to the extent of $4,000.
b. fully enforceable because it is for specially selected goods.
c. fully enforceable because it is oral.
d. not enforceable.
A
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Anna operates a consignment shop where she sells clothes for women and children. The average number of consignments sold per month is 1,000. The average material cost and the selling price of each consignment are $8 and $20, respectively. The monthly fixed costs to run this business are given below: Rental cost: $750Utilities: $150Advertising: $35Insurance: $100Labor cost: $4,000 a. Build an influence diagram that illustrates how to calculate profit.b. Using mathematical notation, give a mathematical model for calculating profit.c. Implement your model from part (b) in Excel using the principles of good spreadsheet design.
What will be an ideal response?
Adonis Corporation issued 10-year, 7% bonds with a par value of $130,000. Interest is paid semiannually. The market rate on the issue date was 6%. Adonis received $139,674 in cash proceeds. Which of the following statements is true?
A. Adonis must pay $139,674 at maturity plus 20 interest payments of $4550 each. B. Adonis must pay $130,000 at maturity plus 20 interest payments of $3900 each. C. Adonis must pay $130,000 at maturity and no interest payments. D. Adonis must pay $130,000 at maturity plus 20 interest payments of $4550 each. E. Adonis must pay $139,674 at maturity and no interest payments.
Despite the popular perception of flexibility as a powerful business tool that can improve important human capital outcomes and boost operational performance, studies have shown that flexibility has to be essentially positioned as a "perk," an employee-friendly benefit, or an advocacy cause.
Answer the following statement true (T) or false (F)
Managerial accounting provides financial statements that report results of operations, financial position, and cash flows both to managers and to external stockholders
Indicate whether the statement is true or false