Under the rational relationship test, a law must bear a rational relationship to a _____
governmental interest.
Fill in the blanks with correct word
legitimate
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How is the current ratio calculated?
A. Current assets divided by current liabilities B. Retained earnings divided by current liabilities C. Current assets divided by total assets D. Current assets minus current liabilities
FASB ASC Topic 715 states that prior service cost should be
a. offset against current service cost. b. recognized in the period of plan adoption or amendment. c. amortized over the expected service period. d. recorded as a prior period adjustment.
If demand is not uniform and constant, then stockout risks can be controlled by:
A) increasing the EOQ. B) spreading annual demand over more frequent, but smaller, orders. C) raising the selling price to reduce demand. D) adding safety stock. E) reducing the reorder point.
Aaron Smith, a junior at Yale, was a counselor at Camp Winipesaukee for the summer of 2007. Several of the children, ages 8-12 reported to their parents that they had been physically assaulted by Aaron while they were at camp. The children had signs of
bruising and other injuries. The parents brought suit against Camp W, the corporation that operated the camp for their children's injuries. Camp W says that it is not liable because (a) it had no knowledge of the assaults; (b) Aaron had not injured anyone in the past; and (c) what Aaron did was not within his scope of employment as a camp counselor. Discuss the liability and defense issues in the case.