A buyer is insolvent under the UCC when he or she
a. will not pay debts as they become due.
b. cannot pay debts when they become due.
c. wrongfully repudiates a contract.
d. cannot exercise the right of replevin.
B
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When followers are generally and routinely just agreeing with leaders, one can expect to see ______.
a. a lack of initiative b. an upward flow of information (to leaders) c. creative problem-solving d. courageous followership
McAfee Corporation borrowed $20 million to finance the construction of a new building. In addition to the annual interest that is not included in the face, one-tenth of the principal amount borrowed is to be repaid each year. If the borrowing occurred one month prior to year end, how should the loan be presented on the upcoming balance sheet?
Divide the following word into syllables: colloquial
A) coll o qui al B) col lo qui al C) coll o quial
A local vendor at the county fair sells snow cones for $.50 each. When 250 snow cones are sold, each snow cone is estimated to have $.10 in variable costs and $.15 in fixed costs. A local school group plans on attending the fair next week and wishes to purchase 50 snow cones for $.25 each. The vendor can sell as many as 400 snow cones per day. If the special order were accepted, net income would:
A) not change. B) decrease by $25.00. C) increase by $12.50. D) increase by $7.50.