Mark Perez signs a standard form guarantee for a $60,000 loan his brother Fred gets from a bank. Fred later incurs a credit card debt to the Bank for a further $4,500
Fred also later guarantees a loan of $5,000 from the bank to his wife, who goes bankrupt. Fred pays back $30,000 on his loan and then goes bankrupt. For what principal amount is Mark liable as a result of the guarantee?
A) $30,000
B) $34,500
C) $35,000
D) $39,500
E) $48,000
D
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________ is a methodology consisting of five workplace practices that are conducive to visual controls and lean production
Fill in the blanks with correct word
Suppose all firms follow similar financing policies, face similar risks, have equal access to capital, and operate in competitive product and capital markets. However, firms face different operating conditions because, for example, the grocery store industry is different from the airline industry. Under these conditions, firms with high profit margins will tend to have high asset turnover ratios, and firms with low profit margins will tend to have low turnover ratios.
Answer the following statement true (T) or false (F)
Abner signed a contract allowing him to use Brian's business model and sell products approved by Brian. Abner is:
A. a franchise. B. a franchisor. C. a franchisee. D. an independent business operator.
Nelson Company experienced the following transactions during Year 1, its first year in operation.1. Issued $12,000 of common stock to stockholders. 2. Provided $4,600 of services on account. 3. Paid $3,200 cash for operating expenses. 4. Collected $3,800 of cash from accounts receivable. 5. Paid a $200 cash dividend to stockholders.The amount of retained earnings appearing on Nelson Company's December 31, Year 1 balance sheet is:
A. $1,200. B. $13,200. C. $1,000. D. $1,400.