Commercial impracticability constitutes an excuse for nonperformance under both the UCC and the CISG
Indicate whether the statement is true or false
true
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A(n) ____________________ is taken after the temporary owner's equity accounts have been closed
Fill in the blank(s) with correct word
Chapter 13 bankruptcy:
a. is used by businesses to reorganize their financial situations. b. is an involuntary bankruptcy. c. can be used only by individuals with a regular source of income. d. is used by businesses to liquidate their debts.
Your firm is considering an investment that will cost $750,000 today. The investment will produce
cash flows of $250,000 in year 1, $300,000 in years 2 through 4, and $100,000 in year 5. What is the investment's discounted payback period if the required rate of return is 10%? A) 3.33 years B) 3.16 years C) 2.33 years D) 2.67 years
A contract might be for a fixed price; the customer will pay the contractor whatever the actual costs are for the materials and the time
a. True b. False Indicate whether the statement is true or false