James is in an art gallery when mitch, who has no special art expertise, points to a painting and says, "that artist is so good. that piece will be worth a fortune in a few years! " james buys the painting, which does not turn out to be valuable. james tries to return the painting and recover his purchase price. a court will:

a. order the art gallery to pay james the full purchase price.
b. order mitch to pay james the full purchase price.
c. enforce the contract between james and the art gallery.
d. enforce the contract between james and the art gallery, but order mitch to pay james the full purchase price.

Presented below is information for annie company for the month of march 2018. cost of goods sold $245,000 rent expense $ 36,000 freight-out 7,000 sales discounts 8,000 insurance expense 5,000 sales returns and allowances 11,000 salaries and wages expense 63,000 sales revenue 410,000 instructions prepare the income statement.

Why is accountability important in managing safety

Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%