What is the purpose of a living will?
A)?To preserve assets when the testator lives longer than expected
B)?To declare the intent to be taken off life support systems
C)?To allow assisted suicides
D)?To declare capacity of a terminally ill patient
B
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Ty earns a base rate of $12 an hour and receives a weekly attendance award of $20. He works 40 hours this week. What would be his total compensation for the week?
A. $520 B. $600 C. $250 D. $500 E. $480
Dynamic Software, Inc. invests excess cash of $100,000 in corporate bonds on March 30, 2019. The bonds mature 20 years from the date of purchase. Dynamic plans to hold the bonds until maturity and has the ability to do so. How does the March 30, 2019 transaction affect the accounting equation?
A) liabilities will increase B) equity will decrease C) long-term assets will decrease D) total assets will remain unchanged
A company has net income of $90,000; its weighted-average common shares outstanding are 18,000. Its dividend per share is $0.45, its market price per share is $88, and its book value per share is $76. Its price-earnings ratio equals:
A. 9.0. B. 15.2. C. 12.5. D. 17.6. E. 16.9.
In the Carter v. Tokai Financial Services, Inc case, the agreement was found to:
a. fit within the definition of a secured transaction. b. be governed by UCC Article 9. c. be for an initial term of five years, which ARC had an option to renew for nominal consideration. d. be a true finance lease.