Since the capacity to be a principal depends upon the capacity of the principal to do the act himself, a person cannot appoint an agent to act for him in the case that he subsequently loses mental capacity
Indicate whether the statement is true or false
False
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Answer the following statements true (T) or false (F)
1. When a bond is issued at a premium, the interest expense calculation using the effective-interest amortization method uses the carrying amount of the bonds and the market rate of interest. 2. Using the effective-interest amortization method, the calculation for the amount of premium amortization is the difference between the cash paid for interest and the calculated interest expense based on the effective interest rate. 3. Using the effective-interest amortization method, the amount of premium amortization remains the same over the life of the bond.
Why do stores locate in saturated trade areas?
A) to decrease competition B) to access high customer traffic C) to take advantage of tax breaks D) to create retailer cooperatives E) to standardize the service mix
Hardcastle Ltd. had sales of $3,600,000 and net operating income of $900,000. Operating assets during the year averaged $1,500,000. The manager of Hardcastle is considering the purchase of a new machine which is expected to increase average operating assets by 20%. If the new machine is purchased, the company's new return on investment (ROI) would be:
A) 190.5% B) 60.0% C) 200.0% D) 50.0%
Which of the following is NOT true of the use of data collected through the survey feedback process?
A. Results should only be reviewed by top management. B. Results are returned to all levels of the organization. C. Results are used for solving problems. D. Results are used to identify problems. E. Results are aggregated by group or department.