Zelda signs a promissory note for $2,500 to First Bank. At the request of both Zelda and the bank, Ann also signs the note as an accommodation maker. In this situation:
a. Zelda is primarily liable on the note.
b. Ann is primarily liable on the note.
c. Ann has secondary liability on the note
d. Zelda and Ann are both primarily liable on the note.
e. Zelda is primarily liable and Ann has secondary liability on the note
d
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The Northern co. manufactures office chairs. The following has the following information for June:Refer to the original data. If the company's sales for June are actually 1,500 chairs, the margin of safety is
a.72 chairs. b.62 chairs. c.52 chairs. d.42 chairs. e.None of the answers are correct.
Harley-Davidson promotes its motorcycles with images of independence, freedom, and power. Harley-Davidson has created a ________
A) motive B) life-cycle stage C) self-concept D) brand personality E) self-actualization need
Explain the key differences between the shareholder and stakeholder models of corporate governance. Describe the legal, organizational, social, and individual changes that would facilitate a shift in corporate governance behaviors from the shareholder to stakeholder mentality.
What will be an ideal response?
Aspen, Inc. developed a new horse transport device and incurred research and development costs of $250,000. Rather than continue with its own research, Aspen decided to purchase a patent for a similar design from Vail, Inc. for $350,000. What are the total assets and expenses for these developments?
A. Assets $600,000; Expenses $0. B. Assets $250,000; Expenses $350,000. C. Assets $0; Expenses $600,000. D. Assets $350,000; Expenses $250,000.