A Sales Contract Must Be Evidenced by a Writing If

question 8

Multiple Choice

A sales contract must be evidenced by a writing if the sales price of goods is equal to or more than:

• A) $100.
• B) $1,000.
• C) $500.
• D) $5,000.

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Definitions:

Tax Rates

The segment of earnings an individual or corporate entity owes to the government in taxes.

Interest Tax Shield

The saving in taxes due to deductible interest expenses, which reduces taxable income and ultimately decreases the tax liability.

Financial Risk

Financial Risk refers to the possibility of losing money on financial investments or transactions due to market fluctuations, credit issues, or other factors.

Cost of Equity

The return a company requires to decide if an investment meets capital return requirements.