Answer:
Goodwill impairment occurs when a company decides to pay more than book value for the acquisition of an asset.
An impairment is recognized as a loss on the income statement and as a reduction in the goodwill account. The amount of the loss is the difference between the current fair market value of the asset and its carrying value or amount.
Explanation:
Answer: Discretion
Explanation: In simple words, discretion refers to the freedom that an individual get to make decisions that might affect him or her. In business sense, it refers to the freedom of performing the job without any monitoring or interfere from the seniors.
In the given case, the company did not interfere with the job of Herb and followed his instructions even though it sounded crazy at first.
Hence we can conclude that the leadership gave herb high degree of discretion.
Repeat sales or Repeat business
The web said repeat sales
There are 100 people and 4 answers. The minimum people for each answer is 10. You can distribute the minimum people to make it easy.
Answer 1. 10 people
Answer 2. 10 people
Answer 3. 10 people
Answer 4. 10 people
There are still 60 people that are not assigned, so you take this number and add it to the minimum.
60 + 10 = 70
Answer: The maximum number of customers giving any one response is 70 people.
Complete Question:
Article 2 of the Uniform Commercial Code simplified and streamlined commercial transactions involving the sale of goods. Which element of traditional contract law formation was modified or relaxed by the UCC?
a. Requirement of consideration for contract modifications.
b. Offers must have reasonably certain and definite terms to be valid.
c. The terms of the acceptance must exactly match those of the offer (“mirror image rule”).
d. All of the above.
Answer:
The element of traditional contract law formation that was modified or relaxed by the Uniform Commercial Code (UCC) is:
c. The terms of the acceptance must exactly match those of the offer (“mirror image rule”).
Explanation:
The "mirror image rule" specifies that when a contract offer is accepted, the terms must be the same as those in the initial offer. However, Article 2 of the UCC modified this "mirror image rule" by specifying that the offeree's acceptance is based on the offeror's terms unless otherwise specified by the offeree. Any additional terms are regarded as some proposed additions and do not become part of the contract unless both parties are merchants.
