An arrangement in which a third party promises to be primarily liable with the borrower for the payment of the borrower's debt is referred to as a(n) ________
A) garnishment
B) accommodation
C) surety arrangement
D) guaranty arrangement
C
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Ibsen Company makes two products from a common input. Joint processing costs up to the split-off point total $48,600 a year. The company allocates these costs to the joint products on the basis of their total sales values at the split-off point. Each product may be sold at the split-off point or processed further. Data concerning these products appear below: Product XProduct YTotalAllocated joint processing costs$18,800? $29,800? $48,600? Sales value at split-off point$25,850? $37,800? $63,650? Costs of further processing$23,300? $17,600? $40,900? Sales value after further processing$48,800? $56,500? $105,300? Required:a. What is financial advantage (disadvantage) of processing Product X beyond the split-off point? (Negative amount should be indicated
by a minus sign.)b. What is financial advantage (disadvantage) of processing Product Y beyond the split-off point?c. What is the minimum amount the company should accept for Product X if it is to be sold at the split-off point?d. What is the minimum amount the company should accept for Product Y if it is to be sold at the split-off point?a.??b. ??c.Minimum acceptable amount?d.Minimum acceptable amount? What will be an ideal response?
Beatrice owns and operates a food truck in a large city. Competitors are many, and competition is fierce. Due to her small business's size, she cannot realistically influence her business environment. However, Beatrice can and does take steps to adapt to the environment, including
A. sponsoring local events to establish and maintain a positive brand image (public relations). B. slashing her food prices to force her competitors to do likewise city-wide (competitive aggression). C. hiring part-time help and maintaining extra inventory for peak periods (buffering). D. recruiting the mayor to participate on her business advisory board (cooptation). E. hiring a lobbyist to promote state legislation that is favorable to operation of food trucks (political action).
"Goods" for purposes of the Code are essentially defined as tangible, movable, personal property
a. True b. False Indicate whether the statement is true or false
An insurance company may cancel an insured's policy if the insured appears as a witness in a case against the company.
Answer the following statement true (T) or false (F)