How did the community standards come into play in this case?
What will be an ideal response?
The Court assumed that $67 an hour was reasonable in that community—as requested by the attorney—because there was no evidence in the record that it was an unreasonable hourly rate.
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On January 2, 2015, Hi-Tech Master Construction, Inc issued $500,000, 10-year bonds for $574,540 . The bonds pay interest on June 30 and December 31 . The face rate is 8% and the market rate is 6%. The annual cash payment (paid in semiannual payments) on the bonds is
a. $40,000 . b. $30,000 . c. $20,000 . d. $15,000.
Answer the following statements true (T) or false (F)
General deductive reasoning is extremely important in accounting theory and policy-making.
Analysts use measures of long-term _____ to evaluate a firm's ability to meet interest and principal payments on long-term debt and similar obligations as they come due. If a firm cannot make the payments on time, it becomes insolvent and may have to reorganize or liquidate
a. insolvency factors b. reorganization factors c. liquidity risk d. insolvency risk e. cash flow risk
According to opponents of the globalization of trade and investment
A. globalization has contributed to a decline in environmental and health conditions. B. globalization has caused a dramatic decline in both the proportion and the absolute number of destitute people in the world. C. globalization enhances preservation of the uniqueness of different cultures. D. free trade benefits all nations and workers. E. citizens from more globally integrated countries have lower levels of civil liberties and lower economic prosperity.