The words "without recourse" on an indorsement means the indorser is:?
A) liable personally but not other parties
B) not liable for any problems associated with the instrument.
C) not liable if the instrument is dishonored.
D) liable for only up to fifty per cent of the loss.
C
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Employees at Zachary’s Chicago Pizza in California can purchase company stock and thus become owners through a device called
a. a trustees arrangement. b. participative management. c. bond sharing. d. an employee stock ownership plan. e. profit sharing.
Rob Stewart sells office equipment and calls on the office manager of a large firm. Rob wants to sell the prospect 30 units of general office supplies. In terms of the acronym SMART, Stewart's objective:
A. could not be measured. B. did not specify a time period. C. was missing a valid order size. D. was probably not achievable. E. met all objective requirements.
A router that connects to three subnets is called a ________ router
A) border B) internal C) application proxy D) None of the above
Fayer Corporation has provided the following financial data:Balance SheetDecember 31, Year 2 and Year 1AssetsYear 2Year 1Current assets: Cash$161,000 $180,000 Accounts receivable, net 110,000 130,000 Inventory 181,000 160,000 Prepaid expenses 57,000 70,000 Total current assets 509,000 540,000 Plant and equipment, net 1,044,000 960,000 Total assets$ 1,553,000 $ 1,500,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable$188,000 $160,000 Accrued liabilities 57,000 60,000 Notes payable, short term 36,000 40,000 Total current liabilities 281,000 260,000 Bonds payable 200,000 200,000 Total liabilities 481,000 460,000 Stockholders'
equity: Common stock, $4 par value 200,000 200,000 Additional paid-in capital 80,000 80,000 Retained earnings 792,000 760,000 Total stockholders' equity 1,072,000 1,040,000 Total liabilities & stockholders' equity$ 1,553,000 $ 1,500,000 Income StatementFor the Year Ended December 31, Year 2Sales (all on account)$1,220,000 Cost of goods sold 760,000 Gross margin 460,000 Operating expenses 389,846 Net operating income 70,154 Interest expense 14,000 Net income before taxes 56,154 Income taxes (35%) 19,654 Net income$ 36,500 Dividends on common stock during Year 2 totaled $4,500. The market price of common stock at the end of Year 2 was $10.88 per share.The company's times interest earned ratio for Year 2 is closest to: A. 2.61 B. 4.01 C. 5.01 D. 7.71