Is it an ethical practice for an attorney to incur the costs of a client in a lawsuit?
Payment of client court costs is maintenance, which is maintaining, supporting, or promoting the litigation of another. Maintenance is considered unethical by codes of professional ethics and illegal by state statute because it encourages litigation.
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Corporate earnings that are not distributed to the stockholders are retained by the corporation to help finance the growth of the business
a. True b. False Indicate whether the statement is true or false
The data presented below is for Falconi, Inc for 2016. Credit sales during the year $2,100,000 Accounts receivable—December 31, 2016 295,000 Allowance for doubtful accounts—December 31, 2016 28,000 Bad debt expense for the year 17,000 What is the effect on liquidity when Falconi records its estimate for bad debt expense using the allowance method?
a. Liquidity decreases b. Liquidity increases c. Liquidity stays the same d. Liquidity both increases and decreases
______ is the sum of the differences between the actual and the forecasted demand values.
A. Mean squared error (MSE) B. Mean absolute deviation (MAD) C. Mean absolute percentage error (MAPE) D. Cumulative sum error (CSE)
A retailer inflated the price of its leather jackets so that when it put the jackets on sale, it appeared to customers that they were getting a better deal than they really were. This is an example of what pricing strategy?
A. price inflation B. predatory pricing C. price fixing D. price discrimination E. deceptive pricing