Cash received from the borrowing on a note payable is classified in which section of the statement of cash flows?
A) Operating
B) Investing
C) Financing
D) Noncash
C
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SBA loans are delivered directly to the small business and bypass the need for a commercial bank
Indicate whether the statement is true or false.
Gusler Corporation makes one product and has provided the following information: Budgeted sales, May 9,500unitsRaw materials requirement per unit of output 2poundsRaw materials cost$2.00per poundDirect labor requirement per unit of output 2.7direct labor-hoursDirect labor wage rate$20.00per direct labor-hourPredetermined overhead rate (all variable)$10.00per direct labor-hour?The estimated cost of goods sold for May is closest to:
A. $256,500 B. $646,000 C. $807,500 D. $551,000
Joe's Barbecue negotiated a lease for space in a strip mall with Diamond Enterprises, the owner of the strip mall. During negotiations for the lease, the agent for Diamond told Joe that the crime rate in the area was very low and that the strip mall had not experienced any criminal activity. The agent also told Joe that the strip mall had surveillance cameras that were not readily visible, but
that were running 24 hours per day. Two months after Joe opened for business, assailants entered his restaurant, robbed his customers, and shot Joe. Joe filed suit against Diamond because he learned that there were no surveillance cameras and that two other stores in the shopping center had experienced similar incidents. Diamond has an exculpatory clause in its lease that reads: shareholders, directors, officers, agents, employees, and staff of Diamond shall not be held liable for any damage or loss of property or injury from any cause whatsoever, including, but not limited to, fire, theft . . . ?The exculpatory clause in the lease is: A) Void. B) Voidable. C) Enforceable. D) Too narrow to be valid.
The highest court in the United States is the:
a. federal district court b. Court of Appeals for the Federal Circuit c. Court of Presidential Appeals d. Supreme Court e. Court of International Justice