In a guaranty contract, the obligor is called a:
A)surety
B)principal.
C)guarantor.
D)creditor.
C
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Internal control is weakened by all of the following except
a. collusion. b. separation of duties. c. effects of changing conditions. d. human error.
Match the following terms and descriptions.
1. Industrial Relations School Unions are considered bad because they interfere with the efficient operation of the economy. 2. Critical Industrial Relations School Unions are considered unnecessary if effective management policies are in place. 3. Mainstream Economics School Unions are important for protecting workers and providing worker voice. 4. Critical Industrial Relations School Unions are considered necessary to counter corporate bargaining power and raise the consciousness of the working class. 5. Industrial Relations School Government is corrupt and acts as an agent of the ownership class to pass laws and regulations that protect ownership rights at the expense of the worker. 6. Human Resource Management School Government is only necessary insofar as it can assure free market competition and ownership rights. 7. Mainstream Economics School The role of government is to set minimum wage and safety standards while protecting worker rights to unionization and collective voice. 8. Human Resource Management School Government intervention is unnecessary except to ensure that employers are not engaging in abusive practices.
Crusoe Waterworks Corporation provides plumbing services. Transactions of Crusoe Waterworks during the first year of operations are given below
a) Received $4,000 cash and issued common stock to Robinson b) Paid $3,000 cash for equipment to be used for plumbing repairs. c) Borrowed $27,000 from a local bank and deposited the money in the checking account. d) Paid $900 rent for the year. e) Purchased $1,000 of office supplies on account. f) Completed a plumbing repair project for a local lawyer and received $3,200 cash. Calculate the amount of total stockholders' equity after recording the transactions. Assume office supplies of $1,000 are left at the end of the year. A) $6,300 B) $3,200 C) $4,000 D) $27,000
GP&L sold $1,000,000 of 12 percent, 30-year, semiannual payment bonds with a face value of $1,000, 15 years ago. The bonds are not callable, but they do have a sinking fund, which requires GP&L to redeem 5 percent of the original face value of the issue each year ($50,000), beginning in Year 11. To date, 25 percent of the issue has been retired. The company can either call bonds at par for sinking fund purposes or purchase bonds in the open market, spending sufficient money to redeem 5 percent of the original face value each year. If the current market yield of the bonds is 14 percent, what is the least amount of money GP&L must put in to satisfy the sinking fund provision for the next redemption?
A. $43,858 B. $50,127 C. $37,532 D. $43,796 E. $39,422