Which of the following best describes the dissolution of a partnership??
A) ?It is paying all the outstanding obligations of the partnership
B) ?It is the re-distribution of capital among the partners.
C) ?It is the change in the relation of the partners by eliminating one.
D) ?It is a change in the relation of the partners by adding one.
C
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Westmoreland Company Following are selected data from Westmoreland Company's financial statements. 2017 2016 Current liabilities $230,000 $160,000 Long-term debt 120,000 320,000 Stockholders' equity 420,000 540,000 Cash payments for additions to plant and equipment 45,000 32,000 Net cash flow from operating activities 80,000 51,000 Interest and principal payments 12,000 8,000 Net operating cash
flows before interest and taxes 68,000 43,000 Net income 90,000 72,000 Interest expense 8,500 11,500 Income taxes 16,000 14,500 Dividends paid 15,000 30,000 Refer to the Westmoreland Company data. The company's debt service coverage ratio for 2017 indicates that the a. company's ability to pay principal and interest to creditors has declined. b. company has more net income available to allocate to stockholders after the payment of debt. c. company had significantly changes in current assets and current liabilities during the period. d. company generates about $2 of cash from operations to cover every $1 of debt.
During the process of a brainstorming session, the focus is more on the quality of ideas generated rather than the quantity of ideas generated
a. True b. False Indicate whether the statement is true or false
When leaders get out among the people who they are leading, it is an example of ______.
a. considering the context of leadership b. leading by example c. leading by wandering around d. giving recognition
Relatives and friends whom the consumer trusts are known as ________ sources of external information.
A. public B. personal C. marketer-dominated D. stakeholder E. relational