A homeowner was repairing the deck on the back of his home. He left power tools on the deck when he quit working for the day
A neighbor's child saw the power tools. He came on to the deck, and started to play with a power saw. He cut off two of his fingers. A property owner may be held liable for creating a condition that entices children to enter the property where they are injured under the doctrine of
A) sovereign immunity.
B) attractive nuisance.
C) family purpose.
D) respondeat superior.
Answer: B
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The profit margin ratio reflects the amount of income for each dollar of sales
a. True b. False Indicate whether the statement is true or false
Redbox, a DVD rental service, utilizes machines to dispense DVDs to customers. Which form of retailing is Redbox using?
A. Internet retailing B. Store Channel C. Direct Selling D. Catalog retailing E. Automated retailing
Felix and Ian allocate 2/5 of their partnership's profits and losses to Felix and 3/5 to Ian. The net income of the firm is $20,000. The journal entry to close the Income Summary will include ________.
A) credit to Ian, Capital for $12,000 B) debit to Felix, Capital for $12,000 C) debit to Felix, Capital for $8000 D) credit to Income Summary for $20,000
Examples of increased regulatory pressure on banks include ______.
A. maintaining more solidity B. restricting loans to more credit-worthy borrowers C. increased competition from microlending D. more supervision by the ISO