An agreement to modify a contract for the sale of goods that is not supported by consideration: ______
A) is only binding if supported by consideration.
B) is binding as long as it's voluntary.
C) is only binding if the original contract is invalid.
D) is binding only if enforced by a court.
B
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Which of the following is equivalent to a long position in a European call option?
A. A short position in a cash-or-nothing put option plus a long position in an asset-or-nothing put option B. A long position in an asset-or-nothing put option plus a long position in a cash-or-nothing put option C. A long position in an asset-or-nothing call option plus a long position in a cash-or-nothing call option D. A long position in an asset-or-nothing call option plus a short position in a cash-or-nothing call option
Venus Company has the following information:
Month Budgeted Sales January $90,000 February 85,000 March 92,000 April 79,000 Budgeted Operating Expenses Per Month Wages $15,000 Advertising 12,000 Depreciation 3,000 Sales Commission 4% of sales All cash expenses are paid as incurred. What are the total cash disbursements budgeted for operating expenses for the month of January? A) $28,200 B) $30,000 C) $30,600 D) $33,600