When there is an assignment of rights and delegation of duties under a contract, the assignor:
a. is released from all liability.
b. remains liable for a minimal amount.
c. remains liable for performance.
d. becomes secondarily liable for performance.
c
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David Ricardo's simplified trade model is based on all of these assumptions EXCEPT
a. costs do not vary with the level of production. b. the level of technology is fixed for all nations. c. capital is the only factor of production. d. perfect competition prevails in all markets.
Carriveau Corporation has two divisions: Consumer Division and Business Division. The following data are for the most recent operating period: Consumer DivisionBusiness Division Sales$331,000$245,000 Variable expenses$102,610$58,800 Traceable fixed expenses$149,000$139,000 The company's common fixed expenses total $63,360.The Business Division's break-even sales is closest to: (Round your intermediate calculations to 2 decimal places.)
A. $182,895 B. $266,263 C. $488,153 D. $218,355
A Company showed a large restructuring charge on its income statement in 2014 and has experienced a constantly rising earnings trend since that time. This would most nearly represent an example of
a. cookie jar reserves. b. big bath accounting. c. creative acquisition accounting. d. using immaterial transactions to increase reported earnings to meet analysts' expectations.
An ethics of virtue focuses on the actions of a person rather than the person's characteristics.
Answer the following statement true (T) or false (F)