Assume that Jessie and Lester have formed a contract whereby Jessie agrees to deliver 10,000 dozen "Grade A Large Eggs" to be shipped in paper cartons. A shortage of paper makes paper cartons much more expensive, so Jessie uses styrofoam cartons and ships the eggs. Lester is entitled to cancel the contract based on a material breach of the contract
Indicate whether the statement is true or false
False
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You founded your own firm three years ago. You initially contributed $200,000 of your own money and in return you received 2 million shares of stock. Since then, you have sold an additional 1 million shares of stock to angel investors
You are now considering raising capital from a venture capital firm. This venture capital firm would invest $5 million and would receive 4 million newly issued shares in return. After the venture capitalist's investment, the post-money valuation of your shares is closest to ________. A) $2.5 million B) $6.3 million C) $2.0 million D) $1.3 million
Railroad per unit costs decline as traffic increases. What is the reason for this cost behavior?
a. A high proportion of variable costs in the cost structure b. A low proportion of fixed costs in the cost structure c. A large proportion of fixed costs in the cost structure d. Limited capital investment by the railroads
Proctor Company has fixed costs of $315,000 and a contribution margin ratio of 24%. If sales are expected to be $1,500,000, what is the margin of safety, in percent?
What will be an ideal response?
Under ________ leadership, subordinates have little or no freedom to make decisions, deviate from plans, or provide contrary input
A) democratic B) autocratic C) laissez-faire D) transformational E) participative