Which of the following statements characterizes lessor accounting for residual values?
a. Guaranteed residual values are included in the gross investment amount, but unguaranteed residual values are excluded from the gross investment.
b. Unguaranteed residual values are included in the gross investment amount, but guaranteed residual values are excluded from the gross investment.
c. Guaranteed residual values and unguaranteed residual values are excluded from the gross investment.
d. Guaranteed residual values and unguaranteed residual values are included in the gross investment.
D
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Which of the following are the recommended percentage groupings of the ABC classifications of the dollar volume of products?
A. A items get 25 percent, B items get 15 percent, and C items get 60 percent. B. A items get 15 percent, B items get 45 percent, and C items get 40 percent. C. A items get 15 percent, B items get 35 percent, and C items get 50 percent. D. A items get 20 percent, B items get 30 percent, and C items get 50 percent. E. A items get 25 percent, B items get 35 percent, and C items get 40 percent.
Roberts bought a new ride-on lawn mower and allowed his son, Don, to be the first person to drive it. Due to a factory defect, the mower's gearshift stuck in reverse. Don was seriously injured when the mower backed into a ditch and tipped over. When Don sued the manufacturer for his injuries, the manufacturer argued that it was not liable because Don had not purchased the mower. Is Don likely to win his case? Why or why not?
What will be an ideal response?
The just war theory's criterion of ________ states that war can be initiated only by legitimately recognized nation-states.
A. right intention B. proportionality C. competent authority D. just cause
According to insurance law, an insurance agent is a person who
A) receives a fee as an independent contractor to investigate and negotiate the settlement of claims arising under insurance contracts B) solicits, negotiates, procures or effects insurance or annuity contracts on behalf of an insurer C) is compensated as an independent contractor to procure insurance on behalf of another person, but not on behalf of an insurer or agent D) receives a fee to advise insurance applicants on the merits and disadvantages of insurance policies"