Range Free Farms enters into a contract to deliver to Sara's Market a truckload of eggs for a certain payment. Range Free fails to deliver. Sara's Market
A) must pay in anticipation of the delivery to avoid a breach of contract. B) does not have to pay because Range Free did not perform. C) must pay under the contract, but can sue Range Free for breach. D) does not have to pay, but then cannot sue Range Free.
The sales, income from operations, and invested assets for each division of Wren Company are as follows: Management has established a minimum return for invested assets of 8%. (a)Determine the residual income for each division. (b)Based on residual income, which of the divisions is the most profitable?