What is the disadvantage of a forfeiture clause to the buyer?
A. It is not a disadvantage to the buyer because Indiana courts never enforce forfeiture clauses.
B. The seller can end the contract and take possession of the property.
C. The buyer can lose every penny he/she paid into the property no matter what the circumstances.
D. The seller can evict the buyer and keep all moneys the buyer has paid.
The seller can end the contract and take possession of the property.
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Purple Trees manufactures rustic furniture. The cost accounting system estimates manufacturing costs to be $240 per table, consisting of 60% variable costs and 40% fixed costs
The company has surplus capacity available. It is Purple Trees' policy to add a 75% markup to full costs. A large hotel chain is currently expanding and has decided to decorate all new hotels using the rustic style. Purple Trees is invited to submit a bid to the hotel chain. What per unit price will Purple Trees most likely bid on this long-term order? A) $168 per unit B) $180 per unit C) $252 per unit D) $420 per unit