Amanda, a recent university graduate, needed a car to get to her new job. To help Amanda secure a loan for the car, Ted, a friend, agreed to pay the loan should Amanda default. Ted's promise to pay the loan is a collateral promise. His promise must be in writing to be enforceable
a. True
b. False
Indicate whether the statement is true or false
True
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U.S. GAAP requires that changes in estimates be accounted for by recognizing the effect ________________________________________ period(s)
Fill in the blank(s) with correct word
A ________ is a name, term, sign, symbol, design, or a combination of these, that identifies the maker or seller of a product or service
A) feature B) brand C) line extension D) package E) value chain
ABC Manufacturing has a project that requires an initial investment of $100,000 and has the following expected stream of cash flows: Year Annual cash flow 1 $80,000 2 60,000 3 20,000 Assuming the company's cost of capital is 12 percent, what is the profitability index for the project?
A) 0.749 B) 1.335 C) 1.600 D) 2.985
No laws are on the books to protect whistle-blowers
Indicate whether the statement is true or false