A crime is:
a. a private wrong that necessitates litigation between the victim and the perpetrator.
b. any act prohibited by the government or an omission of an act required by public law and made punishable by the government in a judicial proceeding brought by it.
c. litigation where the injured party sues to recover compensation for the damages and injury sustained as a result of the defendant's wrongful conduct.
d. wrongful conduct as set forth in statutes that constitute the supreme law of the land.
b
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In a two-period model, a household has an income of $20,000 in period one and an income of $25,000 in period two. The household faces an interest rate of 50 percent. What is the present value of the household's income if the income in period one increases to $30,000?
A. ?$39,000 B. ?$46,666.66 C. ?$40,555.65 D. ?$50,000
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Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)
The following balance sheet information was provided by Western Company:Assets Year 2 Year 1 Cash$4,000 $2,000 Accounts receivable 15,000 12,000 Inventory$35,000 $38,000 Assuming Year 2 net credit sales totaled $270,000, what were the company's average days to collect receivables? (Use 365 days in a year. Do not round intermediate calculations.)
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