When a company discounts an interest-bearing note at a bank with recourse:
a. The company is assured payment at maturity.
b. The company will receive the full amount of the note plus interest.
c. The company has a contingent liability from the time the note is discounted until its maturity date.
d. The bank assumes the credit risk on non-payment at the maturity date.
c
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Enlightened community relations depend upon which of the following?
A) researching, analyzing, and understanding the power structure of communities B) understanding the makeup and expectations of communities C) the organization communicating its point of view in a "top-down" fashion D) each power base making sure it demonstrates who is in charge
Acker Corporation acquires 30% of the outstanding voting common shares of the Insight Corporation for $600,000 . Packer Corporation acquires the investment in Insight Corporation by buying previously issued shares of Insight Corporation from other investors. Between the time of the acquisition and the end of Packer Corporation's next accounting period, Insight Corporation reports earnings of
$80,000; and pays a dividend of $30,000 to holders of its common stock. Insight Corporation reports earnings of $100,000 and pays dividends of $40,000 during the subsequent accounting period. Assume now that Packer Corporation sells one-fourth of its investment in Insight Corporation for $165,000 . The entry is as follows: a. Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165,000 Investment in Stock of Insight Corporation. . . . . . . . . . . . . . . . . . . . . 158,250 Gain on Sale of Investment in Stock of Insight Corporation. . . . . . . . . . 6,750 b. Investment in Stock of Insight Corporation. . . . . . . . . . . . . . . 158,250 Gain on Sale of Investment in Stock of Insight Corporation. . . . 6,750 Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . .165,000 c. Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165,000 Investment in Stock of Insight Corporation. . . . . . . . . . . . . . . . . . . . . 158,250 Equity in Earnings of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,750 d. Investment in Stock of Insight Corporation. . . . . . . . . . . . . . . 158,250 Equity in Earnings of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . 6,750 Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .165,000 e. Investment in Stock of Insight Corporation. . . . . . . . . . . . . . . 158,250 Gain on Sale of Investment in Stock of Insight Corporation. . . . 6,750 Equity in Earnings of Affiliate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165,000
Another term for consequential damages is:
A) Liquidated. B) Special. C) Nominal. D) Remedial. E) Distinguishable.
If the manager uses maximin as the decision criterion, which of the alternatives should she choose?
A manager has developed a payoff table that indicates the profits associated with a set of alternatives under two possible states of nature. Alt S1 S2 1 10 2 2 -2 8 3 8 5