Nori store contracts to purchase $1,000,000 of goods from a clothing manufacturer. nori pays $100,000 as a down payment, and the first $200,000 worth of goods are delivered. the goods are materially defective, and the defect cannot be cured. nori
a. must sell the goods even with the defectb. is obligated under the $1,000,000 contractc. must pay the additional $100,000d. can rescind the contract and receive its $100,000 backe. can rescind the contract, but it cannot get its $100,000 back

Vulcan company is a monthly depositor whose tax liability for march 2019 is $2,510. 1. what is the due date for the deposit of these taxes? march 17 2. assume that no deposit was made until april 29. compute the following penalties. assume a 365-day year in your computations. round your answers to the nearest cent. a. penalty for failure to make timely deposits. $ b. penalty for failure to fully pay employment taxes $ c. interest on late payment (assume a 5% interest rate). $ d. total penalty imposed $

Lincoln company has an accounting policy for internal reporting purposes whereby the costs of any research and development projects that are over 70 percent likely to succeed are capitalized and then depreciated over a five-year period with a full year of depreciation in the year of capitalization. in the current year, $400,000 was spent on project one, and it was 55 percent likely to succeed, $600,000 was spent on project two, and it was 65 percent likely to succeed, and $900,000 was spent on project three, and it was 75 percent likely to succeed. in converting the internal financial statements to external financial statements, by how much will net income for the current year have to be reduced? a. $180,000b. $380,000c. $720,000d. $900,000

Personal financial planning is the process of creating and achieving financial goals? true or false