Is a promise to pay a pre-existing moral obligation enforceable? Explain
The law does not regard the performance of or promise to perform a pre-existing legal duty, public or private, as either a legal detriment or a legal benefit. Under the common law, a promise made in order to satisfy a pre-existing moral obligation is likewise unenforceable for lack of consideration. Instances involving such moral obligation include promises to pay for board and lodging previously furnished to a needy relative or promises to pay debts owed by a relative. The Restatement and a minority of states give considerable recognition to moral obligations as consideration.
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Upon review of Bert's statement of cash flows, the following was noted: Cash flows from operating activities $ 60,000 Cash flows from investing activities (125,000) Cash flows from financing activities 115,000 From this information, the most likely explanation is that Bert is:
A) using cash from operations and selling long-term assets to pay back debt. B) using cash from operations and borrowing to purchase long-term assets. C) using its profits to expand growth. D) using cash from investors to provide for operations.
Sound cash management techniques would support ________
A) minimizing collection float, maximizing disbursement float, and minimizing the cash conversion cycle B) minimizing collection float, maximizing disbursement float, and minimizing the cash turnover C) maximizing collection float, minimizing disbursement float, and minimizing operating cash flow D) minimizing collection float, maximizing disbursement float, and maximizing investing cash flow
A company has 600 employees. A random sample of 49 employees took a computer literacy test. The sample resulted in a mean score of 75 with a standard deviation of 21
a. Estimate the standard error of the mean. b. Develop an approximate 95% confidence interval for the population mean of the 600 employees.
The power of a test plus the probability of a Type II error equals ____________________
Fill in the blank(s) with correct word