Chris was driving a car with defective brakes very slowly down Fifth Avenue looking for a parking place. Mindy jumped out into the street five feet in front of his car. Chris could not avoid hitting her. What is Chris's best defense to the charge of negligence?
A) Mindy had a mental deficiency.
B) Chris was not negligent since he did not have a statutory duty to keep his brakes in top condition.
C) Mindy illegally crossed in the middle of the street, which was a superseding cause of the accident.
D) Chris was lawfully seeking a parking place and did not see her jump out.
C
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A company acquires equipment for $75,000 cash. This represents a(n):
A. Investing activity. B. Financing activity. C. Operating activity. D. Revenue activity. E. Expense activity.
Tweedle Corporation's most recent balance sheet and income statement appear below:Balance SheetDecember 31, Year 2 and Year 1(in thousands of dollars)AssetsYear 2Year 1Current assets: Cash$140 $130 Accounts receivable, net 200 210 Inventory 150 180 Prepaid expenses 20 20 Total current assets 510 540 Plant and equipment, net 950 910 Total assets$1,460 $1,450 Liabilities and Stockholders' Equity Current liabilities: Accounts payable$130 $150 Accrued liabilities 70 70 Notes payable, short term 70 60 Total current liabilities 270 280 Bonds payable 170 190 Total liabilities 440 470 Stockholders' equity: Common stock, $1 par value 200 200 Additional paid-in
capital 320 320 Retained earnings 500 460 Total stockholders' equity 1,020 980 Total liabilities & stockholders' equity$1,460 $1,450 Income StatementFor the Year Ended December 31, Year 2(in thousands of dollars)Sales (all on account)$1,190 Cost of goods sold 710 Gross margin 480 Selling and administrative expense 226 Net operating income 254 Interest expense 25 Net income before taxes 229 Income taxes (30%) 69 Net income$160 The debt-to-equity ratio at the end of Year 2 is closest to: A. 0.43 B. 0.17 C. 0.24 D. 0.54
Which of the following is not among the labor principles of the NAALC?
A. Retirement income security. B. Prohibition of forced labor. C. Labor protections for children. D. Equal pay for equal work of men and women.
Describe Value-stream mapping. Explain how it is different from process mapping
What will be an ideal response?