Dependable Appliances, Inc, and Elaine enter into a contract for a sale of kitchen appliances. Dependable, a merchant who deals in goods of the kind sold, notes that its goods come with an implied warranty of merchantability. Under the UCC, this means that the goods are reasonably
A) fit for the buyer's particular purpose
B) fit for the ordinary purpose for which such goods are used.
C) suitable for resale at an acceptable price.
D) the best quality that money can buy.
B
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On June 30, 2017, Roger, Inc showed the following data on the equity section of their balance sheet
Stockholders' Equity Common Stock, $1 par; 202,000 shares authorized, 150,000 shares issued and outstanding $150,000 Paid-In Capital in Excess of Par-Common $260,000 Retained Earnings 946,000 Total Stockholder's Equity $1,356,000 On July 1, 2017, the company declared and distributed a 9% stock dividend. The market value of the stock at that time was $20 per share. Following this transaction, what is the balance of Common Stock? A) $163,500 B) $57,180 C) $285,540 D) $357,180
If management should decide to expand its business internationally, it should determine the optimal level of global involvement by answering all but which of the following questions?
A) Should the firm directly export to another firm in the target country, or should it hire an export trading company to market its products? B) Should the firm license the use of it products under an international licensing agreement? C) Should the firm go international by joint venture, merger, or acquisition? D) Should the firm exercise its power of condemnation, and if so, to what extent?