Andrew and Margaret Wilson erected a fence in what they thought was the yard of their Durham, North Carolina home in 1957 . In doing so, they inadvertently enclosed a small triangular piece, no bigger than fifteen feet at its widest, of the adjoining landowner's property. In 1980, Carl Pearce and his wife Wanda bought the property adjacent to that of the Wilsons, and claimed the triangular shaped
property belonged to them. A dispute arose as to who owned the property under state law, and a lawsuit ensued. What court(s) would have jurisdiction over the lawsuit?
a. Federal district court in North Carolina
b. North Carolina state trial court
c. Federal Appeals court
d. State court of appeals in North Carolina
b
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In high-low pricing, retailers charge low prices on an everyday basis with occasional price increases
Indicate whether the statement is true or false
Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars) appear below: Year 2Year 1Current assets: Cash$202? $100? Accounts receivable, net 232? 232? Inventory 182? 172? Prepaid expenses 132? 132? Total current assets$748? $636? Current liabilities: Accounts payable$242? $222? Accrued liabilities 72? 72? Notes payable, short term 132? 122? Total current liabilities$446? $416? Sales on account during the year totaled $1410 thousand. Cost of goods sold was $1010 thousand.Required:Compute the following for Year 2:a. Working capital. (Enter your answer in thousands of dollars, i.e., 100,000 should be entered as 100.)b. Current ratio. (Round your answer to 2 decimal
places.)c. Acid-test (quick) ratio. (Round your answer to 2 decimal places.)d. Accounts receivable turnover. (Round your answer to 2 decimal places.)e. Average collection period. (Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answer to 1 decimal place.)f. Inventory turnover. (Round your answer to 2 decimal places.)g. Average sale period. (Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answer to 1 decimal place.)a.Working capital??b.Current ratio??c.Acid-test ratio??d.Accounts receivable turnover??e.Average collection period?daysf.Inventory turnover??g.Average sale period?days What will be an ideal response?
Goodwill messages are important to personalizing and strengthening the workplace. (1 ) Identify and explain the five Ss that apply when writing them and (2 ) give three types of goodwill messages and describe two scenarios for each where it would be appropriate to send that type of message
Use the following ratios for Crimson Industries Inc., to estimate the firm's ROE. Net profit margin = 8.62%, asset turnover = 1.68, return on assets = 14.48%, financial leverage = 1.35, debt to equity ratio = 35%
A) 2.10% B) 0.99% C) 5.07% D) 19.55%