Andy: "This is to confirm our telephone conversation of earlier today. 200 lbs. of T-bone at $2.89 per pound." Barb: "Yes, but that's 100 pounds at $2.99." Andy: "Too late, we already reached agreement by phone." Barb: "Too bad, it wasn't in writing." Which of the following statements is true?
A) Barb is incorrect. The phone conversation was a contract
B) Barb is correct. The agreement must be in writing to be enforceable.
C) Andy can enforce the agreement with the parol evidence rule.
D) None of the above
B
Business
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Given the following data for a given period, compute the free cash flow to the firm:
Net Income = $10,000 After-tax Interest Expense = $1,000 Depreciation = $1,000 Increase in NWC = $1,000 Capital Expenditures = $2,000 A) $9,000 B) $9,500 C) $9,700 D) $9,900
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