Horizontal complementary strategic alliances are designed so that each partner realizes equal benefits from equal investments in the alliance.
Answer the following statement true (T) or false (F)
False
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Morals are beliefs or principles that serve as guidelines for both individuals and organizations
Indicate whether the statement is true or false
A promisor who delegates duties is ________ if the party to whom the duties were delegated fails to satisfactorily perform them.
A. liable for novation B. not liable to the promisee C. liable to the promisee D. liable to the creditor beneficiary
You are ready to retire. A glance at your 401(k) statement indicates that you have $750,000. If the
funds remain in an account earning 9.0%, how much could you withdraw at the beginning of each year for the next 25 years? A) $55,620 B) $35,830 C) $2,500 D) $70,050
As of December 31, 2019, Westport had $9,500,000 in 4.5 percent serial bonds outstanding. The serial bonds pay interest semiannually on July 1 and December 31, with $500,000 in bonds being retired on each interest payment date. Resources for payment of principal and interest are transferred from the General Fund. Prepare debt service fund and government-wide entries in general journal form to reflect, as necessary, the following information and transactions for FY 2020. (1) The operating budget for FY 2020 consists of other financing sources (transfers from the General Fund) equal to estimated principal and interest payments. Appropriations also must be provided for interest payments and bond redemptions on July 1 and December 31. (If no entry is required for a transaction/event, select
"No Journal Entry Required" in the first account field.)(2) Cash was received from the General Fund and checks were written and mailed for the July 1 principal and interest payments. What will be an ideal response?