Which of the following statements is most accurate concerning charitable subscription promises?
A) They are generally not enforceable.
B) The courts equate them with gifts.
C) They are generally enforceable if there is reliance by the charity.
D) The Restatement uses a strict reliance requirement in relation to charitable subscriptions.
C
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A company uses cash to pay all of the following except
a. all of the options are uses of cash b. interest to creditors c. current expenses d. dividends to stockholders
Which of the following is true of the acid-test ratio?
a) It measures a company's ability to meet its short-term obligations with cash and cash equivalents b) It indicates how much cash could be realized by selling the inventory c) It measures a company's ability to pay its current liabilities d) It measures the ability of the company to earn net income
________ channel conflict occurs between firms at different levels in the channel of distribution.
A. Diagonal B. Horizontal C. Parallel D. Cyclical E. Vertical
Major sources of secured credit include commercial banks, finance companies, and factors
Indicate whether the statement is true or false