April purchases $18,000 of goods from Lin on thirty days' credit, and Lin assigns the account to Indra. If April finds the goods defective and only worth $16,000:
A) she has no defense against full payment since the account was assigned.
B) she only needs to pay Indra $16,000 if Indra had notified her of the assignment.
C) Indra is entitled to the full $18,000 since she acquires rights greater than those of Lin, who assigned the contractual rights to payment.
D) she must pay $16,000 directly to Lin regardless of whether Indra notified her of the assignment.
B
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All of the following are different expressions for net income except:
a. Capital b. Excess of revenues over expenses c. Profits d. Earnings
Carlton, Inc presented the following information in a note to its financial statements for the year ending December 31, 2016: The company has a loan agreement with Beachside Bank that states: 1 . The current ratio should remain at least 2.0 to 1 at all times. 2 . The debt-to-equity ratio should not exceed .7 to 1 at any time. 3 . The times-interest-earned should be 5.0 or better. 4 . The
inventory-turnover should be 4.0 or better. The ratios at year-end are: current ratio, 2.3 to 1; debt-to-equity ratio, .6 to 1; times-interest-earned, 7.1; and inventory-turnover, 3.7 . Which of the following statements is true? a. Carlton was in default because of the inventory turnover. b. Carlton was in default because of the current ratio. c. Carlton was in default because of the debt-to-equity ratio. d. Carlton was in default because of the times-interest-earned.
Explain how marketing is both a reflection of a culture and a powerful influence upon it, giving at least two examples
What will be an ideal response?
The ____________________ directive needs to be included in the package specification to clearly state the purity levels applicable to the function.
Fill in the blank(s) with the appropriate word(s).