The statement of partnership liquidation shows which of the following?
a. the allocation of gains and losses from the sale of assets; b. a list of the final balances in the capital accounts; c. the balance in each capital account after a sale; d. the amount of cash distributed to each partner; e. all of these.
E
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Managers must take the following into account when sending a message.
A. the receiver’s relationship and status differences with the manager B. the receiver’s interest and emotional state C. the receiver’s knowledge and communication skills D. all of these
Which one of the following statements is TRUE?
A. Lenders will protect themselves from the risk of asset switching by writing debt covenants into loans. B. Lenders can't legally prevent a firm from engaging in asset switching. C. Firms borrowing money have greater flexibility to use that money when there are debt covenants. D. When lenders protect themselves from the risk of asset switching by charging a higher interest rate, the firm's WACC can decrease. E. A lender calling in a corporate loan and then lending the funds out to a safer borrower is an example of asset switching.
The mailbox rule applies to communication by phone as well as by mail
Indicate whether the statement is true or false
A manufacturer of a commercial french-frying machine was sued after someone using the machine reached in to retrieve an item that had fallen out of his shirt pocket. The plaintiff was seriously burned as a result. The appellate court upheld the trial court's decision that imposed liability on the manufacturer based on:
a. design defect b. negligence c. failure to warn d. contractual breach e. unknown hazard