Trust, justice, and reputation are all central to relationship negotiations and feed each other.
Answer the following statement true (T) or false (F)
True
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Financial statements for Maraby Corporation appear below:Maraby CorporationBalance SheetDecember 31, Year 2 and Year 1(dollars in thousands) Year 2Year 1Current assets: Cash and marketable securities$220 $190 Accounts receivable, net 190 160 Inventory 140 150 Prepaid expenses 70 80 Total current assets 620 580 Noncurrent assets: Plant & equipment, net 1,180 1,150 Total assets$ 1,800 $ 1,730 Current liabilities: Accounts payable$100 $120 Accrued liabilities 100 70 Notes payable, short term 160 160 Total current liabilities 360 350 Noncurrent liabilities: Bonds payable 450 500 Total liabilities 810 850 Stockholders' equity:
Common stock, $5 par 160 160 Additional paid-in capital 200 200 Retained earnings 630 520 Total stockholders' equity 990 880 Total liabilities & stockholders' equity$ 1,800 $ 1,730 Maraby CorporationIncome StatementFor the Year Ended December 31, Year 2(dollars in thousands)Sales (all on account)$1,960 Cost of goods sold 1,370 Gross margin 590 Selling and administrative expense 230 Net operating income 360 Interest expense 50 Net income before taxes 310 Income taxes (30%) 93 Net income$ 217 Maraby Corporation's working capital (in thousands of dollars) at the end of Year 2 was closest to: A. $360 B. $990 C. $260 D. $620
An insurance agent is the agent of the insurance company
Indicate whether the statement is true or false
Solar City wants to build awareness of its residential roof-top solar cells. It needs to explain to consumers how their product is installed, how it works, and how customers pay for it. Which of the following media types should it select to achieve these goals?
A. Instagram page B. branded apps C. educational web pages D. e-mail newsletters E. reminder advertising
The effect of the making of a partial payment to satisfy an admitted debt is an example of the rule that: A) past benefits cannot be consideration for a later promise
B) a conditional promise may be consideration. C) doing what one is already under a legal obligation to do is not consideration. D) consideration must be adequate to be binding.