If Steve, wanting to protect his warehouse, closes two pit bulldogs inside and they attack and kill an intruder, Steve would be found to have:
A) subjective fault.
B) objective fault.
C) liability without fault.
D) no fault, as he was merely protecting his property.
A
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Gallonte Inc. began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for April, May, and June were $60,000, $80,000, and $70,000, respectively, what were the firm's budgeted collections for May?
A. $69,000. B. $60,000. C. $21,000. D. $75,000. E. None of the answers is correct.
Brandon, a manager at Legacy Inc., believes that men and women are truly equal in management ability. Brandon's belief can be best categorized as a ________.
A. fable B. myth C. delusion D. fact
A mutual fund had average daily assets of $2.0 billion in 2016. The fund sold $500 million worth of stock and purchased $600 million worth of stock during the year. The fund's turnover ratio is
A. 27.5%. B. 12%. C. 15%. D. 25%. E. 20%.
Grenada Company estimates sales of 15,000 units for the upcoming period. At this sales volume its budgeted income is as follows:
During the period the company actually produced and sold 18,000 units.Required:Prepare a flexible budget based on 18,000 units.
What will be an ideal response?