A(n) __________ clause in a loan document provides that any breach by the borrower under any other loan agreement constitutes an event of default
a. attached
b. dragnet
c. cross-default
d. cross collateralization
c
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On June 16, 2018, Evergreen Company wrote off the $200 receivable from customer M. Simmons. On October 14, 2018, Evergreen unexpectedly receives $200 cash from M. Simmons. How should Evergreen record the $200 payment from M. Simmons? Evergreen uses the allowance method.
A) Debit Cash and credit Bad Debts Expense B) Debit Accounts Receivable - M. Simmons and credit Allowance for Bad Debts; debit Cash and credit Accounts Receivable - M. Simmons C) Debit Accounts Receivable - M. Simmons and credit Bad Debts Expense; debit Cash and credit Accounts Receivable - M. Simmons D) Debit Cash and credit Allowance for Bad Debts
According to the critical industrial relations school, wealth and capital in society are created through:
A. Producer and consumer decisions to sell and purchase goods and services in a free market. B. Free will of individuals that make decisions about buying and selling goods and services. C. Powerful governments that control market prices and available supply of goods and services. D. Laws that govern market transactions and social norms that dictate what buyers and sellers are allowed to do in the exchange of goods and services.
Money that is invested in small and sometimes struggling firms that have the potential to become very successful is called
A. seed money. B. franchise funds. C. SBA-guaranteed loans. D. growth funds. E. venture capital.
Which of the following determinants of procedural justice requires that procedures are applied by someone who has no prior prejudices regarding the individual involved in the discussion?
A. Accuracy B. Representativeness C. Bias suppression D. Correctability E. Consistency