A form of strict liability applies to all except which of the following situations?
a. A lawnmower sold in a defective condition that injures its owner.
b. A fireworks factory that blows up and injures townspeople and their property.
c. Abnormally risky medical procedures.
d. A herd of goats that walk onto a neighbor's property and trample and eat the neighbor's roses.
c
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Neville Company issued $100,000 of 6%, 10 year bonds when the market rate of interest was 5%. The proceeds from this bond issue were $107,732 . Using the effective interest method of amortization, which of the following statements is true? Assume interest is paid annually
a. Interest payments to bondholders each period will be $6,464. b. Interest payments to bondholders each period will be $5,000. c. Amortization of the premium for the first interest period will be $1,226. d. Amortization of the premium for the first interest period will be $613.
Arco Corporation declared a cash dividend on June 2 of $6 per common share. The company has 2,000 shares of common stock authorized, 1,000 shares issued, and 200 in the treasury. The entry to record the declaration of the cash dividend increases
a. a liability. b. an asset. c. an expense. d. a stockholders' equity account.
A manufacturer is using legitimate power when it ________
A) requests a behavior that is warranted under the selling contract B) threatens to withdraw a resource or terminate a relationship C) offers intermediaries an extra benefit for performing specific acts or functions D) makes the intermediaries sell more of a particular product by offering rewards E) sells more products by making use of its reputation in the market
Which of the following issues will not be a challenge for our economy in the years to come?
A. How can we encourage economic growth while conserving natural resources? B. How can we preserve the benefits of competition? C. How can we meet the challenges of managing a culturally diverse workforce? D. How can individuals reinvest all the profits that have been made in the stock market as a result of the strong economy? E. How can we meet the needs of the less fortunate?