Which of the following is not a defense that a surety may use to avoid payment of a debtor's obligation to a creditor?
A. The creditor had committed fraud against the debtor to induce the debtor to take on the debt with this creditor.
B. The creditor had committed fraud against the surety to induce the surety to guarantee the debtor's payment of a loan.
C. The statute of limitations has run on the debtor's obligation.
D. The debtor took out bankruptcy.
D. The debtor took out bankruptcy.
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Darius Foods Inc. and Winston Foods and Beverages Inc. are competitors selling frozen meals. Darius sells its products through a large number of local convenience stores, while Winston sells its frozen meals through delis. Which form of competition is seen between these two firms?
A. Indirect competition B. Intratype competition C. Scrambled merchandising D. Intertype competition E. Intrinsic competition
Companies that desire to maintain small inventories, quicker production time, reduced operating costs, and better-quality products should consider:
a. OSHA b. JIT c. TWA d. MBWA e. FTC
A machine costs $180,000 and will have an eight-year life, a $20,000 salvage value, and straight-line depreciation is used. Management estimates the machine will yield an after-tax net income of $12,500 each year. Compute the accounting rate of return for the investment.
A. 11.8%. B. 12.5%. C. 26.8%. D. 10.8%. E. 22.5%.
The income statement describes the financial position of a firm on a given date
Indicate whether the statement is true or false