Balsam Corporation is concerned about their current bad debt ratio of 9%. The CFO believes imposing a more stringent credit policy may reduce sales by 8% and reduce the bad debt ratio to 6%. If the cost of goods sold is 85% of the selling price, determine if the new policy should be undertaken.

Under a common disaster clause in a life insurance policy, it is assumed that

A) the insured and primary beneficiary died simultaneously B) the primary beneficiary died last, unless the insured lives beyond a stipulated period C) the contingent beneficiary is entitled to the policy proceeds D) the insured died last, unless the primary beneficiary lives beyond a stipulated period"

Section 2A-2011. of the Uniform Commercial Code (UCC) states that lease contracts involving payments of $1,000 or more must be in writing

Indicate whether the statement is true or false