In which of the following cases is a default judgment entered?
A) A defendant admits all the allegations in the complaint.
B) There is insufficient evidence to resolve the dispute.
C) The court believes that the lawsuit can be settled before/without trial.
D) A defendant does not file a written response to a plaintiff's complaint.
D
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Which of the following is TRUE when a partner withdraws his interest from the partnership?
A) He is obliged to pay a bonus to the existing partners. B) The existing partners are obliged to pay a bonus to the withdrawing partner. C) The partner';s capital account will be closed. D) He must get the book-value of his interest.
Lager Company sells merchandise with a one year warranty. In 2013, sales consisted of 1,600 units. It is estimated that warranty repairs will average $10 per unit sold, and 30% of the repairs will be made in 2013 and 70% in 2014 . In the 2013 income statement, Lager should show warranty expense of
a. $4,800 b. $11,200 c. $16,000 d. $0 e. $8,000
An advantage to HRAs and FSAs is that
A. employees can accumulate savings with tax deferred until they take the money out at retirement. B. there is no limit to the dollar amount that can be put in those accounts or what the money can be spent on. C. employees pay income tax on the money as it goes into the account, but then it grows tax free until retirement. D. employees do not have to pay income tax on money received from their employers through these accounts.
Advertising objectives should be stated in clear, precise, and measurable terms.
Answer the following statement true (T) or false (F)