Marketing Manager
A no-shop bars soliciting rival bids after signing; a go-shop allows a 30-to-60-day market check with a reduced breakup fee if a better offer wins.
Under UCC 2-601, buyers may reject goods that fail the contract in any respect — unless the seller cures or the deal is an installment contract.
A promise without a contract binds when you reasonably relied on it to your detriment — but recovery covers reliance costs only, so confirm deals in writing.
Reverse positive pay shows you every check presented yesterday — approve or return each by the daily cutoff, no issue file required.
Rule 147 lets a local company raise unlimited capital from in-state residents only; Rule 504 allows up to $10M from anyone but keeps state filings.
Under ASC 606, a payment gap over one year splits interest from revenue: advance payments accrete interest expense, deferred billing earns interest income.
A troubled debt restructuring needs financial difficulty plus a lender concession — book a gain if future payments fall below carrying amount.
Accrued interest is interest earned or owed but not yet paid; borrowers book Interest Payable, lenders book Interest Receivable, each at month-end.
Backflush costing books production costs backward from completed units — standard cost times output — skipping work-in-process tracking entirely.
Cost recovery books zero profit until cash covers your cost — the most conservative revenue method, for sales too shaky for installment treatment.
A cross-default clause turns one missed payment into a default on every loan — the triggers, thresholds, cure periods, and waivers that contain it.
ASC 820 ranks fair-value inputs in three levels — market quotes, observable inputs, unobservable models — and the lowest significant input sets the level.
