Marlo and Nita enter into a contract for the sale of Marlo’s apartment for which Nita agrees to pay $250,000. Nita assigns her right to buy the apartment to Owen. Owen is
A. the obligor.
B. a third party beneficiary.
C. the assignee.
D. the assignor.
Answer: C
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Compensating balance agreements are held against short-term borrowings should
A) only be described in the footnotes to the financial statements. B) be separately reported in the current assets portion of the balance sheet. C) be separately classified as noncurrent assets on the balance sheet . D) not be shown on the balance sheet.
____ listening is particularly important when interacting with customers over the telephone or via the Web because they cannot see you nodding your head or making eye contact.
A. Dynamic B. Active C. Proactive D. Non-visual
Lester tells his human resources manager, "Mr. Josephs, my boss, Sandra Elkins, has been flirting with me for a few weeks, but I've been politely laughing off her comments. Today she told me that, of the six workers in her group, she can only promote one. She added that she would look upon me favorably for promotion if I'd go on a business trip with her this weekend." A proper response from Mr. Josephs would be,
A. "Thank you for coming forward. I will follow up immediately." B. "As an adult, you will need to decide how much you value a promotion." C. "You should be flattered! Let's see how this develops, and we will proceed accordingly." D. "If this happens again, please document the event, and let me know." E. "Sandra is known for her flirting. Just ignore it."
The concept of permanent current operating assets reflects the fact that some components of current assets do not shrink to zero even when a business is at its seasonal or cyclical low. Thus, permanent current operating assets represent a minimum level of current assets that must be financed.
Answer the following statement true (T) or false (F)