Which of the following is not true regarding the contracts of intoxicated persons?
A) If an intoxicated person is unable to understand the nature and consequences of his act, then the contract is voidable.
B) The effect of intoxication is generally the same as that given to contracts that are voidable because of incompetency.
C) Slight intoxication will destroy one's contractual capacity.
D) Contracts made while a person is too intoxicated to act in a reasonable manner may be ratified when the intoxicated person regains his capacity.
C
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The Marino Company has provided you the following information pertaining to its defined benefit pension plan that was adopted on January 1, 2018:The service cost was $950,000 during 2018 and $1,045,000 during 2019. The prior service cost amortization each year was $290,000. The contribution to the pension plan was $1,500,000 on December 31, 2018 and $1,800,000 on December 31, 2019. The actuarially determined discount rate and the expected return on plan assets was 10%. The actual return on plan assets was 9.5%. Retirement benefits pertaining to years of service prior to 2018 were granted to the employees. The prior service cost is being amortized over the remaining ten-year life of the employees. What is the pension expense for the year ended December 31, 2018?
A. $1,380,000 B. $950,000 C. $1,240,000 D. $1,530,000
The concept of ________ ethics is that the rightness of the action is based on one's own conscience and moral standards.
Fill in the blank(s) with the appropriate word(s).
The expected value for a binomial distribution is given by equation
A. (n - 1)(1 - p). B. n(1 - p). C. np. D. (n - 1)p.
Workplace violence is rarely spontaneous; it is more commonly passive-aggressive behavior in rising steps, related to a(n) ______ conflict.
A. unresolved B. resolved C. decreased D. non