Which of the following options may be available to a lessee against whom an acceleration clause in a lease has been triggered?
A) The validity of the clause may be challenged in court on the basis of non est factum
B) The validity of the clause may be challenged on the basis that it is inequitable
C) The validity of the clause may be challenged on the basis that it is a penalty
D) The validity of the clause may be challenged in court on the basis of mistake
E) The validity of the clause cannot be challenged.
C
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Murphy Productions is a price-taker
The company produces generators in a highly competitive market; thus, it uses target pricing. The current market price is $600 per unit. The company has $18,500,000 in average assets, and the desired profit is a return of 8% on assets. Assume all products produced are sold. The company provides the following information: Sales volume 65,000 units per year Variable costs $500 per unit Fixed costs $7,500,000 per year Currently the cost structure is such that the company cannot achieve its profit objective and must cut costs. If variable costs cannot be reduced, how much reduction in fixed costs will be needed to achieve the desired target? Show all computations. What will be an ideal response
OPEC can be considered as a "cartel" which is a group of separate companies that collectively:
A) sets prices, controls output, or takes other actions to maximize profits. B) dictates how other countries should use their products. C) produces more products in order to beat the competition. D) conducts activities that are considered illegal in the United States. E) works on forming a union against management of other companies.