A Federal Trade Commission rule limits the rights of a holder in due course of an instrument that evidences a debt arising out of a(n):
A) consumer credit contract.
B) insurance contract.
C) consumer purchase paid for with a check.
D) construction contract.
A
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Caruso, Inc has an inventory turnover rate of 8 times. If its cost of goods sold is $150,000, then
a. The company will report sales of $1,200,000. b. The gross margin will be $1,200,000. c. The company's average inventory is $18,750. d. It sells its inventory 1,200 times per year.
A skeptical challenge to business ethics is that there is no common rational basis for making ethical judgments.
Answer the following statement true (T) or false (F)
Which of the following is true of undue influence in entering contracts?
A) Undue influence need not require the overcoming of the innocent party's free will. B) Undue influence is not grounds for prosecution, as the innocent party has complete freedom to evaluate the terms of the contract. C) A contract that is entered into because of undue influence is not voidable. D) A fiduciary or confidential relationship must have existed between the parties for undue influence to be proven.
The Besnier Company had $250 million of sales last year, and it had $75 million of fixed assets that were being operated at 80% of capacity. In millions, how large could sales have been if the company had operated at full capacity?
A. $312.5 B. $328.1 C. $344.5 D. $361.8 E. $379.8