The ________ doctrine holds that courts should apply the law of the state that has the most interest in determining the outcome of the dispute
A. act of state
B. vested rights
C. most significant relationship
D. governmental interest
D
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Which of the following is the best advice when presenting the reasons for the bad news?
A) Whenever possible, cite company policy as the reason for the bad news because most people willingly accept this reason. B) Do not present the reasons for the bad news; instead, focus solely on presenting the bad news sensitively. C) Use words such as impossible, regret, and unfortunately to make your point clear. D) Cite reader or other benefits if plausible.
Which one is NOT an application of lean principle in services?
A) JIT in food supply management B) improving kitchen layout at McDonald's to drive seconds out of the production process C) inventory sharing among members of the pharmaceutical network D) scheduling personnel availability at 15 minute increments to meet demand fluctuations E) securing more inventory to prepare for disruption in production
Some investors decided to start an insurance company. Each investor contributed $50,000 to raise the capital required to charter a new company. Each investor received an ownership interest in the company
The company will raise additional capital by selling ownership rights to other investors. Under this type of organization, the customer and owner functions are separate. This type of insurer is called a A) stock company. B) reciprocal exchange. C) fraternal company. D) mutual company.
Lasch Corporation has provided the following financial data from its balance sheet and income statement: Year 2Year 1Total assets$1,333,000 $1,320,000 Accounts payable$158,000 $160,000 Accrued liabilities$43,000 $40,000 Notes payable, short term$47,000 $50,000 Bonds payable$250,000 $250,000 Total liabilities$498,000 $500,000 Total stockholders' equity$835,000 $820,000 Income StatementFor the Year Ended December 31, Year 2Sales (all on account)$1,250,000 Cost of goods sold 840,000 Gross margin 410,000 Operating expenses 366,286 Net operating income 43,714 Interest expense 18,000 Net income before taxes 25,714 Income taxes (30%) 7,714 Net income$18,000 The company's equity multiplier at the end of Year 2 is closest to:
A. 0.60 B. 1.60 C. 0.63 D. 1.68