A person who disaffirms a contract based on intoxication must be returned to status quo

If a company allows division managers to negotiate a cost-based transfer price, it is better to use actual costs rather than standard costs. Otherwise, the selling division has no motivation to control costs

Indicate whether the statement is true or false

Great Plains Investment Inc. (GPI), an investment banking firm, has proposed two types of payment plans for the IPO being considered by Ashford Community Hospital. The first is a firm commitment of $5,000,000

The second is a best efforts arrangement in which GPI will receive $4.00 for every share sold up to a maximum of $2,000,000 for the 500,000 shares being offered. How much money will GPI earn under the best efforts method if it is able to sell only 80% of the offering at a price of $30.00 per share? A) $2,000,000 B) $1,800,000 C) $1,600,000 D) $1,400,000