To be effective, a disclaimer of the implied warranty of merchantability must specifically mention the term merchantability

Lightfoot Company sells its product for $55 and has variable cost of $30 per unit

The total fixed costs are $25,000. What will be the effect on the breakeven point in units if variable cost increases by $10 due to an increase in the cost of direct materials? A) It will increase by 667 units. B) It will decrease by 667 units. C) It will decrease by 175 units. D) It will increase by 175 units.

A letter of credit is a document that

a) is secured by the exporter after shipping the product shipment. b) awards the title of a product to the importer. c) is issued by a bank at the request of an importer. d) is issued by the exporter to promise that he will allow a delay in payment.