Dreiser tells the story about the lobster and the squid to illustrate not only survival of the fittest but also to show the impact of an unfair game; in this case, an enclosed environment with no escape for the squid:
a. True b. False
a
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In many instances the same facts will give rise to both an action for false light and defamation
Indicate whether the statement is true or false
A firm has an operating profit of $300,000, interest of $35,000, and a tax rate of 40 percent. The firm has an after-tax cost of debt of 5 percent and a cost of equity of 15 percent
The firm's target capital structure is set at a mix of 40 percent debt and 60 percent equity. Assuming this as the optimum capital structure, the value of the firm is ________. A) $1.4 million B) $2.2 million C) $1.8 million D) $6.0 million
The dollar value of the items covered by procurement cards is relatively high
a. True b. False Indicate whether the statement is true or false
Blondell Legal Services, LLC, uses the step-down method to allocate service department costs to operating departments. The firm has two service departments, Personnel and Information Technology (IT), and two operating departments, Family Law and Corporate Law. Data concerning those departments follow: Service DepartmentOperating Department PersonnelITFamily LawCorporate LawDepartmental costs$49,135?$46,664?$357,100?$360,420?Employees 15? 20? 117? 180?PCs 15? 26? 100? 160?Personnel costs are allocated first on the basis of employees and IT costs are allocated second on the basis of PCs.In the first step of the allocation, the amount of Personnel Department cost allocated to the Family Law Department is closest to:
A. $18,135 B. $15,690 C. $17,630 D. $25,167