If a person could be expected to possibly cause problems and an employer hires them anyway, the employer could be held liable for ______ if the employee commits a tort against a customer
a. negligence in hiring b. irreverence in hiring
c. irresponsibility in hiring
d. lack of foresight in hiring e. lack of care in hiring
a
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Debt service coverage ratio
a. Interest expense b. Income tax expense c. Cash flow from operations before interest and tax payments d. Cash paid for acquisitions e. Cash flow from operations f. Total dividends paid g. Interest payments h. Principal payments on debt
Answer the following statements true (T) or false (F)
Empirical tests of the free market position are impossible since we live in a regulated environment.
On May 31, a company had a balance in its accounts receivable of $103,200. Prepare journal entries to record the following transactions for June. Assume the company uses a perpetual inventory system. June 2Sold merchandise on account, $12,000. The cost of the merchandise was $7,200.June 8Sold $15,000 worth of accounts receivable to First Bank. First Bank charged a 4% factoring fee.June 20Borrowed $30,000 cash from Second National Bank, pledging $31,500 worth of accounts receivable as collateral for the loan.
What will be an ideal response?
Rients Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for October. Fixed Element per MonthVariable Element per Customer ServedActual Total for OctoberRevenue $4,100$182,900Employee salaries and wages$42,300 $1,300$98,800Travel expenses $700$30,500Other expenses$31,500 $31,900?When the company prepared its planning budget at the beginning of October, it assumed that 39 customers would have been served. However, 44 customers were actually served during October.?The spending variance for total expenses for October would have been closest to:
A. $600 F B. $600 U C. $9,400 U D. $9,400 F