The possibility of bankruptcy will do all of the following except:
A. reduce the interest rate on debt.
B. reduce the current market value of the firm.
C. reduce the possible payoff to stockholders.
D. increase financial distress costs.
Answer: A
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Which of the following is NOT an indicator that should be used to evaluate an interviewer on the quality of interviewing?
A) The recorded data are legible. B) All instructions, including skip patterns, are followed. C) The answers to unstructured questions are recorded verbatim. D) For structured questions, item nonresponse occurs frequently. E) The answers to unstructured questions are meaningful and complete enough to be coded.
Suppose that Lenny Lawyer enters into an agreement with Cindy Client that his fee will be a percentage of the recovery Lenny obtains for Cindy in her pending divorce. State law makes such a contingency fee arrangement illegal in divorce actions. What will be the probable outcome if Lenny attempts to enforce the agreement?
a. The contract will be valid. Cindy would not have been able to afford an attorney otherwise and therefore Lenny was doing a public service. b. The contract will be voidable at Cindy's option. c. The contract will be void as violating a statute. Lenny will not be able to recover anything. d. The contract will be unenforceable if Lenny did not get the agreement in writing.
Statements of the facts necessary to claim that the plaintiff is entitled to remedy are included in the___________
a. complaint b. summons c. compliance documents d. official court statement e. responsive statement
An auditor would consider a cashier's job description to contain compatible duties if the cashier receives remittances from the mailroom and also
A. Records the journal entry to recognize the cash receipt. B. Prepares the monthly bank reconciliation. C. Prepares the daily deposit slip. D. Approves customer discounts.