In Slater Numismatics v. Driving Force, Driving Force was set up by former employees of a firm Slater worked closely with. Driving Force then move to capture business from a major client of Slater. Slater sued for interference with contractual relations. The appeals court held that Slater:
a. failed to show improper interference with a contract, only possible interference with prospective customers
b. could sue for intentional interference because Driving Force was shown to have "profit motives" for attempting to take away business
c. had been defrauded by Driving Force
d. could not sue Driving Force because it was a matter of "hard but honest competition"
e. none of the other choices are correct
e
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In an authoritarian work culture, what is the safest course of action for an employee to take with respect to witnessed ethical issues?
a. Be silent. b. Go over the manager’s head and talk to executive leadership. c. Speak to same-level employees about the issue before speaking to a manager. d. Go to the HR department to report abuses.
A company issued 5-year, 5% bonds with a par value of $109,000. The company received $106,947 for the bonds. Using the straight-line method, the amount of interest expense for the first semiannual interest period is:
A. $2930.30. B. $5450.00. C. $5860.60. D. $2519.70. E. $2725.00.
When a testator distributes the same amount of money to all of his descendents, the method of gifting is known as:
A) Arbitrary and unfair. B) Fair and equitable. C) Per-Stirpes. D) Per-Capita.
The executor of the Estate of Kate Tweed discovered the following assets (at fair value): Cash$104,000 Interest receivable 7,800 Life Insurance policy 390,000 Residence 260,000 Shares of PepsiCo 65,000 Shares of Apple 143,000 Shares of Kenyan Lake 182,000 ??The will of Kate Tweed had the following provisions:? $195,000 in cash went to Victor Vickery. ? All shares of PepsiCo went to Duchess Doyle. ? The residence went to Louis Tweed. ? All other estate assets were to be liquidated with the resulting cash going to the Sacred Church of Liberty, Missouri.?Cash of $195,000 was conveyed to the appropriate beneficiary. Prepare the journal entry to record the transaction.
What will be an ideal response?