What type of discovery tool is the testimony of a witness, given under oath, outside the courtroom and taken before a court reporter?
a. Deposition
b. Interrogatories
c. Request for inspection
d. Request for production of documents
a
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The ideal insurance system:
A) reduces the probability of accidental and fortuitous losses due to increased predictability B) requires the transfer of a large number of exposures to loss to a pool, where a fund exists in advance of losses having to be paid C) works best when a large proportion of the participants in the pool submits a claim D) eliminates all hazards
By federal law, all office buildings must use barrier-free construction
Indicate whether the statement is true or false.
Bringing together project teams consisting of employees with the talents needed to work on a specified project is called
A) informal management. B) team management. C) participatory management. D) personnel management.
Neiger Corporation has provided the following financial data:Balance SheetAssetsYear 2Year 1Current assets: Cash$216,000 $160,000 Accounts receivable, net 131,000 120,000 Inventory 104,000 120,000 Prepaid expenses 12,000 10,000 Total current assets 463,000 410,000 Plant and equipment, net 858,000 870,000 Total assets$ 1,321,000 $ 1,280,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable$109,000 $100,000 Accrued liabilities 59,000 60,000 Notes payable, short term 58,000 60,000 Total current liabilities 226,000 220,000 Bonds payable 120,000 120,000 Total liabilities 346,000 340,000 Stockholders' equity: Common stock,
$2 par value 100,000 100,000 Additional paid-in capital 60,000 60,000 Retained earnings 815,000 780,000 Total stockholders' equity 975,000 940,000 Total liabilities & stockholders' equity$ 1,321,000 $ 1,280,000 Income StatementSales (all on account)$1,320,000 Cost of goods sold 750,000 Gross margin 570,000 Operating expenses 507,571 Net operating income 62,429 Interest expense 11,000 Net income before taxes 51,429 Income taxes (30%) 15,429 Net income$ 36,000 Required:a. What is the company's working capital at the end of Year 2?b. What is the company's current ratio at the end of Year 2?c. What is the company's acid-test (quick) ratio at the end of Year 2?d. What is the company's times interest earned ratio for Year 2?e. What is the company's debt-to-equity ratio at the end of Year 2?f. What is the company's equity multiplier at the end of Year 2? What will be an ideal response?