Explain the last chance clear rule
Formerly, if the driver who sues negligently contributed even slightly to the accident, no recovery could be had. This harsh rule has been replaced in most states by the last clear chance rule. The last chance clear rule states that if one driver is negligent, but the other driver had one last clear chance to avoid hitting the negligent driver and did not take it, the driver who had the last clear chance is liable.?
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People from the same subculture, social class, and occupation may lead quite different lifestyles. A lifestyle is a person's pattern of living in the world as expressed in activities, interests, and opinions
Lifestyle portrays the "whole person" interacting with his or her environment. Given this information, describe the LOHAS (an acronym) lifestyle described in the text and its usefulness in marketing.
The balance sheet of Sound Designs reports total assets of $750,000 and $800,000 at the beginning and end of the year, respectively. Sales revenues are $1.5 million ($1.2 million in the previous year), net income is $150,000, and net cash flows from operating activities are $175,000. What is Sound Designs' asset turnover?
A. 2.0 times. B. 0.5 times. C. 1.9 times. D. 1.7 times.
"Frugging" is considered unethical and illegal
Indicate whether the statement is true or false
Farrell and Jimmy enter into a partnership agreement on May 1, 2018. Farrell contributes $60,000 and Jimmy contributes $120,000 as their capital contributions. They decide to share profits and losses in the ratio of their respective capital account balances. The net income for the year ended December 31, 2018 is $70,000. Which of the following is the correct journal entry to record the allocation of profit? (Do not round any intermediate calculations. Round your final answers to the nearest dollar.)
