Which of the following statements describes frustration of purpose?
a. It corresponds to commercial impracticability.
b. It may constitute an excuse for nonperformance.
c. It constitutes a breach of contract by the seller.
d. It corresponds to an objective impossibility of performance.
b
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Which of the following is NOT an element of Lean production?
A) to have only the required inventory when needed B) to increase queue lengths C) to improve quality to zero defects D) to reduce setup times
The repurchase of common stock results in a type of reverse dilution, since the earnings per share and the market price of stock are increased by reducing the number of shares outstanding
Indicate whether the statement is true or false
For a population with any distribution, the form of the sampling distribution of the sample mean is
a. sometimes normal for all sample sizes b. sometimes normal for large sample sizes c. always normal for all sample sizes d. always normal for large sample sizes
Skeen Company paid $90,000 for tangible personalty three years ago and elected to expense and deduct the cost under Section 179. This year, Skeen sold the personalty for $52,700. Accumulated book depreciation through date of sale was $31,000. What is the effect of the sale on Skeen's book income and taxable income?
A. $6,300 book and tax gain B. $6,300 book loss; -0- tax gain C. $6,300 book loss: $52,700 tax gain D. None of the above