Loren and Kendra enter into a contract for the distribution of Loren's produce to local restaurants for which he agrees to pay Kendra. Kendra transfers her right to payment under the contract to County Bank. This transfer is
a. a delegation.
b. an assignment.
c. a third party beneficiary contract.
d. prohibited.
b
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Westmoreland Company Following are selected data from Westmoreland Company's financial statements. 2017 2016 Current liabilities $230,000 $160,000 Long-term debt 120,000 320,000 Stockholders' equity 420,000 540,000 Cash payments for additions to plant and equipment 45,000 32,000 Net cash flow from operating activities 80,000 51,000 Interest and principal payments 12,000 8,000 Net operating cash
flows before interest and taxes 68,000 43,000 Net income 90,000 72,000 Interest expense 8,500 11,500 Income taxes 16,000 14,500 Dividends paid 15,000 30,000 Refer to the Westmoreland Company data. Westmoreland's debt-to-equity ratio for 2017 is: a. an indicator that Westmoreland Company's ability to meet current interest payments to creditors is increasing. b. increasing slightly from 2016 to 2017. c. an indicator that for every $1 of capital that stockholders provided, creditors provided $0.83. d. an indicator that Westmoreland Company has relied on stockholders for funds more in 2016 than in 2017.
Sara is the marketing manager of a small HR consultancy firm. She is in the process of implementing the use of a database to assist her company in its marketing efforts
List five ways in which she might be able to use the database for marketing efforts.
Cherry Corporation sold $200,000 of 12% bonds at par. Each $1,000 bond carried ten warrants, each of which allows the holder to acquire one share of $10 par common stock for $30 per share. After issuance, the bonds were quoted at 99 ex rights, and the warrants were quoted at $4 each. Cherry Corporation should have assigned to the rights a value of
A) $8,000. B) $7,767. C) $7,500. D) $5,882.
Customer attributes are characteristics that allow customers to be categorized
Indicate whether the statement is true or false