With P2P architecture, there are more potential bottlenecks and points of failure
a. True
b. False
Indicate whether the statement is true or false
False
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In a common-size balance sheet, total liabilities are represented by 100 percent
Indicate whether the statement is true or false
In exclusive clubs and ritualistic groups like fraternities and sororities, followers can become vulnerable to bad leadership when they are unable to regulate their own personal need for ______.
A. respect B. authority C. belonging D. power
Todd Enterprises is preparing a cash budget for the second quarter of the coming year. The following data have been forecasted: ?April?MaySales ……………………………………………….$150,000?$157,500Merchandise purchases ……………………………107,000?112,400Operating expenses:??? Payroll ………………………………………….13,600?14,280 Advertising …………………………………….5,400?5,700 Rent …………………………………………….2,500?2,500 Depreciation ……………………………………7,500?7,500End of April balances:??? Cash …………………………………………….30,000?? Bank loan payable
………………………………26,000??Additional data:(1) Sales are 40% cash and 60% credit. The collection pattern for credit sales is 50% in the month following the sale and 50% in the month thereafter. Total sales in March were $125,000.(2) Purchases are all on credit, with 40% paid in the month of purchase and 60% paid in the following month.(3) Operating expenses are paid in the month they are incurred.(4) A minimum cash balance of $25,000 is required at the end of each month.(5) Loans are used to maintain the minimum cash balance. At the end of each month, interest of 1% per month is paid on the outstanding loan balance as of the beginning of the month. Repayments are made at the end of the month if the cash balance exceeds $25,000.Prepare the company's cash budget for May. Show the ending loan balance at May 31. What will be an ideal response?
A plurality decision means:
A) A majority cannot agree as to the outcome of the case. B) A majority agree with the outcome, but not with the reasoning. C) A tie vote is cast. D) None of the above.