Which of the following is an example of a service that involves continuous delivery without a formal relationship?
a. Police protection
b. Movie theater
c. Restaurant
d. Banking
e. Insurance
a
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Susan wanted to give a diamond pendant to Lucy, her daughter. Susan entered into a contract with Andrew, a dealer who specializes in diamond jewelry. Susan had promised to pay him if he delivered the pendant to Lucy. Andrew withdrew from the contract and Lucy wanted to sue him. Which of the following statements is true in this scenario?
A. Lucy cannot sue Andrew as Susan's promise was gratuitous and therefore unenforceable. B. Lucy can sue Andrew as she is a creditor beneficiary of the contract. C. Lucy can sue Andrew as she is a donee beneficiary of the contract. D. Lucy cannot sue Andrew as she is an incidental beneficiary of the contract.
The Mansfield Company manufactures and sells two lines of fishing rods. During the most recent accounting period, the Pro line and the Novice line sold 15,000 and 2,000 units, respectively. The company's most recent financial statements are shown below: Pro NoviceSales$900,000 $240,000 Less cost of goods sold: Unit-level production cost 600,000 135,000 Depreciation, production equipment 125,000 50,000 Gross margin$175,000 $55,000 Less operating expenses: Unit-level selling and administrative costs 40,000 65,000 Corporate-level facility expenses (fixed) 36,000 36,000 Net income (loss)$99,000 $46,000 Based on this information, the company should:
A. It is impossible to determine with the given information. B. Eliminate the Novice line because it is operating at a loss. C. Keep the Novice line because it contributes $55,000 to total profitability. D. Keep the Novice line because it contributes $40,000 to total profitability.
Karyn wants to evaluate some bonds she is contemplating buying. In order to adequately evaluate them, she should check the bond yields, read the bond quotes in a paper, and check the
A) par values. B) bond ratings. C) company rating. D) company's performance.
On what basis are objects referenced, selected, qualified, sorted, and categorized?
A) Attributes and secondary keys B) Entities C) Primary keys D) Index