Bill orders a custom-made suit from Rooks to be delivered by Friday at 5 p.m. When the suit is delivered to his office on Friday afternoon, he is in conference with a client. He accepts delivery and hangs the suit in his closet. When Bill tries on the suit Saturday evening, he discovers that the pants are cuffed. He had ordered cuffless trousers. What can he do?
a. He cannot revoke acceptance since the cuffs are not difficult to discover.
b. He can revoke acceptance if the cuffs substantially impair the value of the goods to him and Rooks will not remove the cuffs.
c. He can reject the goods since he had not yet accepted them prior to inspection.
d. He cannot reject the goods because the cuffs are curable.
b
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GEICO's aggressive advertising campaign of the late 1990s was designed to accomplish which of the following objectives?
A. Target the low-risk market of federal employees. B. Target the high-risk market of military personnel. C. Continue widespread recognition of the brand. D. Win customers away from established competitors. E. Enable the company to avoid filing bankruptcy.
Which of the following are the basic steps in software reuse?
A) Abstraction, storage, and recontextualization B) Overloading and overriding C) Developing a business plan and an implementation plan D) Contextualization and generalization E) Purchasing new software and integrating it into existing systems
Interpret the estimated regression coefficient b1
What will be an ideal response?
Penniston Corporation is considering a capital budgeting project that would require an initial investment of $630,000 and working capital of $73,000. The working capital would be released for use elsewhere at the end of the project in 3 years. The investment would generate annual cash inflows of $228,000 for the life of the project. At the end of the project, equipment that had been used in the project could be sold for $29,000. The company's discount rate is 12%. The net present value of the project is closest to:Refer to Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.
A. $(9,720) B. $(134,696) C. $(82,720) D. $54,000