For many clients, the most devastating impact from a security breach is the loss or leakage of data
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T
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In Geier v. American Honda Motor Company the state tort law had concurrent jurisdiction with the federal standard
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Quasi contract is also referred to as quantum meruit, a rule that allows courts to avoid injustice such as unjust enrichment
a. True b. False Indicate whether the statement is true or false
The salary of a machinist at a manufacturing plant would fall into which category?
A) overhead costs B) indirect labor costs C) direct labor costs D) none of the above
Freiman Corporation's most recent balance sheet and income statement appear below:Balance SheetDecember 31, Year 2 and Year 1(in thousands of dollars) Year 2Year 1Assets Current assets: Cash$160 $120 Accounts receivable, net 220 240 Inventory 120 130 Prepaid expenses 40 40 Total current assets 540 530 Plant and equipment, net 700 700 Total assets$ 1,240 $ 1,230 Liabilities and Stockholders' Equity Current liabilities: Accounts payable$130 $150 Accrued liabilities 90 90 Notes payable, short term 60 70 Total current liabilities 280 310 Bonds payable 280 290 Total liabilities 560 600 Stockholders' equity: Common stock, $2 par value 100 100
Additional paid-in capital 200 200 Retained earnings 380 330 Total stockholders' equity 680 630 Total liabilities & stockholders' equity$ 1,240 $ 1,230 Income StatementFor the Year Ended December 31, Year 2(in thousands of dollars)Sales (all on account)$1,310 Cost of goods sold 780 Gross margin 530 Selling and administrative expenses 359 Net operating income 171 Interest expense 35 Net income before taxes 136 Income taxes (30%) 41 Net income$ 95 The working capital at the end of Year 2 is: A. $540 thousand B. $260 thousand C. $680 thousand D. $700 thousand