In many states today a landlord must use reasonable care to maintain safe premises and is liable for foreseeable harm.
Answer the following statement true (T) or false (F)
True
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Kenyon Company experienced a transaction that had the following effect on the financial statements:Assets=Liab.+Stk.EquityRev.-Exp.=Net Inc.Stmt ofCash Flows- - NANA NA NANA Which of the following business events would result in this effect on the financial statements?
A. A loss on land that was sold for cash B. Paid for merchandise that had been purchased on account C. Return to a supplier of merchandise purchased on account D. Return by a customer of a sale that was made on account
Section 301 of the Trade Act of 1974 is the principal U.S. statute addressing unfair foreign practices affecting U.S. exports of goods or services
a. True b. False Indicate whether the statement is true or false
Exhibit 4.1The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $)Assets 2018 Cash and securities $3,000 Accounts receivable 15,000 Inventories 18,000 Total current assets $36,000 Net plant and equipment $24,000 Total assets $60,000 Liabilities and Equity Accounts payable $18,630 Accruals 8,370 Notes payable 6,000 Total current liabilities $33,000 Long-term bonds $9,000 Total liabilities $42,000 Common stock $5,040 Retained earnings 12,960 Total common equity $18,000 Total liabilities and equity $60,000 Income Statement (Millions of
$)2018Net sales $84,000 Operating costs except depreciation78,120 Depreciation 1,680 Earnings before interest and taxes (EBIT)$4,200 Less interest 900 Earnings before taxes (EBT) $3,300 Taxes 1,320 Net income $1,980 Other data: Shares outstanding (millions) 500.00 Common dividends (millions of $) $693.00 Int rate on notes payable & L-T bonds6% Federal plus state income tax rate40% Year-end stock price $47.52 ? Refer to Exhibit 4.1. What is the firm's profit margin? Do not round your intermediate calculations. A. 1.84% B. 2.48% C. 1.82% D. 2.36% E. 2.52%
Parker believes that as long as he pays good wages and treats his workers fairly, he can keep employee turnover to a minimum even though his store is located in a community that is known for having a transient population. Parker's belief is an example of which of the following psychological biases?
A) illusion of control B) framing effects C) discounting the future D) time pressure E) social realities