Empty nesters are people whose children are grown and who are now able to spend their money in other ways.

Answer the following statement true (T) or false (F)


True

Empty nesters are people whose children are grown and who are now able to spend their money in other ways.

Business

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Stintson Corp. had agreed to create employee identity cards for McLaughlin Inc. for $60,000. Some of the cards delivered by Stintson Corp. had damages made during the lamination process. McLaughlin Inc. promised Stintson Corp. an additional $20,000 to replace the damaged identity cards, and Stintson Corp. did so. Then McLaughlin Inc. refused to pay Stintson Corp. more than $60,000 for the work. Which of the following statements is true of this situation?

A. Stintson Corp. would still be entitled only to $60,000 because such an act is new consideration that was provided to support the modification. B. Stintson Corp. is not entitled to any more than $60,000 for its work. C. Stintson Corp. is entitled to the additional $20,000 as legal value has nothing to do with adequacy of consideration. D. McLaughlin Inc. owes Stintson Corp. the additional $20,000.

Business

Sheng and Min were cosureties for their friend Lei on a loan contract. When Lei failed to repay the loan within the stipulated time, Min paid the whole obligation as her surety. Min is now entitled to collect half the amount of liability from Sheng in accordance with her right ________.

A. to contribution B. to reimbursement C. of subrogation D. to compensation

Business

What are stars according to the BCG growth-share matrix?

What will be an ideal response?

Business

Ellis Retail is considering an investment in a delivery truck. Ellis has found a used truck that he can purchase for $8,000 . He estimates the truck would last six years and increase his store's net cash revenues by $2,000 per year. At the end of six years, the truck would have no salvage value and would be discarded. Ellis will depreciate the truck using the straight-line method. Refer to Ellis

Retail. What is the accounting rate of return on the truck investment (based on average profit and average investment)? a. 25.0% b. 50.0% c. 16.7% d. 8.3%

Business