The receivable turnover is useful in assessing the profitability of receivables
Indicate whether the statement is true or false
F
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If an action would increase the good of twenty-five people by one unit each and an alternative action would increase the good of one person by twenty-six units, then, according to utilitarianism, the latter action should be taken
Indicate whether the statement is true or false
In the Tannenbaum v. New York Dry Cleaning, Inc case,
a. there was a bailment for hire, and the fact that the bailee was unable to return the bailed item except in a damaged condition created an irrebuttable presumption that the damage to the item was attributable to the bailee's negligence. b. the court stated that a company cannot, under New York law, use an exculpatory clause to relieve itself from liability for the consequences of its own negligence. c. the court found that the claimant was not bound by the terms of the dry cleaning company's limitation clause because, even if it applied to the situation before the court, the claimant had not read the clause nor had he assented to its terms. d. the court found that the claimant was negligent in not reading the limitation clause on the back of his claim ticket, so he could not recover the cost of his shirt.
Halbeck, LLC was negligent in its audit of E-treme, Inc Unbeknownst to Halbeck, E-treme used the financial statements to secure a loan from Great State Bank. Under the foreseeable doctrine, Halbeck will be liable to Great State Bank for its losses on the loan
a. True b. False Indicate whether the statement is true or false
A company that is operating at full capacity should emphasize those products and services that have the:
A. highest sales volume. B. highest contribution margin per unit. C. highest contribution margin per unit of scarce resource. D. lowest total per-unit costs. E. highest operating income.