In which of the following ways can a bankruptcy happen?
A) voluntary assignment
B) involuntary petition into bankruptcy
C) rejection of a commercial proposal
D) A and C
E) All of the above
E
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Auditors who prefer statistical sampling to nonstatistical sampling may do so because statistical sampling helps the auditor:
A. minimize the failure to detect a material misstatement due to nonsampling risk. B. reduce the level of tolerable misstatement to a relatively low amount. C. eliminate the cost of training auditors in the proper use of sampling techniques. D. measure the sufficiency of the evidential matter obtained.
To be effective, a company's international strategy
A. must be externally consistent among the company's products and regional units. B. must be the same as the company's domestic strategy. C. must have internal consistency with the demands of the international competitive environment. D. must be consistent among all the functions and activities of the company. E. must be the same as the leaders of the industry.
A new owner-landlord can alter the terms of an existing lease during the term of the lease
Indicate whether the statement is true or false
The XYZ Company has a choice between two warehouses. A lease at location A costs $1000 per month with a payment of $2000 up front to guarantee the 3 year lease
Location B would cost $1200 per month and would be leased from month to month. The anticipated revenue in either location is $1500 per month. The estimated rate of return is 10% per year. Using net present value, determine which location would be the better choice. What will be an ideal response?