Yoshi, a Japanese citizen working in Atlanta for his Tokyo firm, decided to rent an airplane and fly himself to the Annual Catfish and Zydeco festival in Thibodaux, Louisiana. He rented a small plane to fly there. Over Alabama, thunderstorms formed. Because Yoshi was not trained to fly by instruments, he decided to land at the next airport. As he searched for a runway, Yoshi heard a loud clank
followed by silence as the engine died. He tried to land in a field but crashed. While recovering in a rehabilitation center in California, Yoshi filed suit there against the Atlanta Airport and the owners of the airplane, alleging that they were negligent in their maintenance. If Yoshi's case was tried in federal court in California and the issue of substantive law was whether or not a contract existed between Yoshi and the airplane owner, the court would apply the law of Georgia.
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following statements is true of workers' compensation?
A. "Work-related injuries" implies injuries arising out of employment or those that are related to the type of employment involved. B. Employers are required to report on-the-job fatalities and injuries that require hospitalization within 72 hours. C. Injuries occurring on the way to and from the job are considered to be within the course of employment. D. The secretary of labor authority is delegated to establish detailed health and safety standards that must be complied with by employees only.
Accounting information systems generate both monetary and non-monetary accounting information. List two examples of each type of accounting information
A decertification election is held when an employer does not want the presence of multiple unions in the organization
Indicate whether the statement is true or false
The financial statements for Myers Service Company include the following items
2017 2016 Cash $51,500 $49,000 Short-term Investments 27,000 13,500 Net Accounts Receivable 55,000 52,000 Merchandise Inventory 131,000 47,000 Total Assets 528,000 553,000 Accounts Payable 129,500 124,000 Salaries Payable 23,000 19,000 Long-term Note Payable 60,000 60,000 Compute the acid-test ratio for 2016. (Round your answer to two decimal places) A) 0.88 B) 0.80 C) 0.92 D) 0.71