Ronald Beeb, who lives in Cleveland, receives a mailing from Florida from the SwampLand Reclamation Project. It states that the Beebs can purchase one-acre sites as part of a newly planned development of 200 lots located in Leon County, Florida. The
Beebs contact the company and are given a purchase agreement but no additional information. They sign the purchase agreement and send it back. Then, a week later they decide they would prefer to winter in either New Zealand or Australia. Can the Beebs get out of the contract?
The Interstate Land Sales Full Disclosure Act permits the Beebs to revoke the contract within two years from the date of signing because they were not given a property report prior to signing the contract.
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A method of allocating merchandise cost that is based on the average cost of identical units is known as weighted-average cost or average cost
a. True b. False Indicate whether the statement is true or false
Sawaddee Enterprises began the year with total assets of $450,000 and total liabilities of $230,000 . If Sawaddee total liabilities increased by $31,000 and its owners' equity decreased by $53,000 during the year, what was the amount of its total assets at the end of the year?
a. $472,000 b. $242,000 c. $198,000 d. $428,000
In ________, members control decisions about and execution of a complete range of tasks-acquiring raw materials and performing operations, quality control, maintenance, and shipping.
A. quality circles B. focus groups C. traditional work groups D. autonomous work groups E. semiautonomous work groups
If a company desires to increase its safety margin, it should:
A. decrease selling prices, assuming the price change will have no effect on demand. B. decrease the contribution margin. C. increase fixed costs. D. stimulate sales volume. E. attempt to raise the break-even point.