Wisconsin Electronics Has Received an Order for 1,000 Specially Designed

question 61

Multiple Choice

Wisconsin Electronics has received an order for 1,000 specially designed TV/VCR combinations. The following standards were compiled for this order:
-Assume the company adds a 10% markup to arrive at a selling price.The bid price for this order totals:

• A)$203,500.
• B)$185,000.
• C)$115,500.
• D)$80,000.

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Definitions:

Personal Defenses

Legal arguments or claims that an individual can use personally to avoid enforcement of a contract or legal obligation against them.

Contractual Defenses

Legal arguments that can be used to challenge the enforceability of a contract.

Promissory Note

A financial document in which one party promises to pay another party a specific sum of money on a specified date or on demand.

Code Requirements

The standards and regulations set forth in legal codes that must be adhered to in specific contexts, such as building or manufacturing.