The horizontal axis on the cost-volume-profit graph is the ________
A) dollars of cost
B) sales volume in units
C) dollars of revenue
D) net income
B
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Camp orally guaranteed payment of a loan Camp's cousin Wilcox had obtained from Camp's friend Main. The loan was to be repaid in 10 monthly payments. After making 6 payments, Wilcox defaulted on the loan and Main demanded that Camp honor the guarantee. Regarding Camp's liability to Main, Camp is
A. Liable under the oral surety agreement because the loan would be paid within one year. B. Liable under the oral surety agreement because Camp benefited by maintaining a personal relationship with Main. C. Not liable under the oral surety agreement because Camp's surety agreement must be in writing to be enforceable. D. Not liable under the oral surety agreement because of failure of consideration.
Discuss key issues of forecasting in practice
What will be an ideal response?