Flush-O, a toilet cleaner, states clearly on its package that it is poison. Flush-O's cap is easy to remove. A small child opens a bottle left in a bathroom cabinet, drinks some Flush-O, and is injured. If the child's parents sue the makers of Flush-O, Flush-O is likely to:
a. lose because of express warranty of safety b. lose because of unknown hazards
c. lose because of failure to warn or design defect d. win because of assumption of the risk
e. win because of contributory negligence by the parents
c
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Silver Co. has a $200 petty cash fund. At the end of the first month the accumulated receipts represent $43 for delivery expenses, $127 for merchandise inventory, and $12 for miscellaneous expenses. The fund has a balance of $18. The journal entry to record the reimbursement of the account includes a:
A. Credit to Cash for $182. B. Debit to Petty Cash for $200. C. Credit to Inventory for $127. D. Debit to Cash Over and Short for $18. E. Credit to Cash Over and Short for $18.
Dana downloads music into her computer's random access memory, or RAM, without authorization. This is
A) copyright infringement B) within Dana's rights as a computer user. C) a basis of liability for the computer maker if it does not act against Dana. D) none of the choices.
What does the standard organizational chart show? In your answer, point out the functions needed for a successful business
What will be an ideal response?
Identify which of the following statements is true.
A) The tax base for the federal estate tax is the total of the decedent's taxable estate and post-1976 taxable gifts. B) Property included in a decedent's gross estate consists of only that property to which the decedent held title. C) Funeral expenses are not deductible from the gross estate. D) All of the above are false.