The element of bargained-for exchange distinguishes contracts from gifts
Indicate whether the statement is true or false
True
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Which of the following statements is not correct?
a. A ratio that indicates a firm's long-term, debt-paying ability from the income statement view is the times interest earned. b. Some of the items on the income statement that are excluded in order to compute times interest earned are interest expense, income taxes, and unusual or infrequent items. c. Capitalized interest should be included with interest expense when computing times interest earned. d. Usually, the highest times interest coverage in the most recent five-year period is used as the primary indication of the interest coverage. e. In the short run, a firm can often meet its interest obligations, even when the times interest earned is less than 1.00.
Recent research by McKinsey Global Institute suggests that by 2020, the worldwide shortage of highly skilled, college-educated workers could reach
A. 2 million B. an all-time low C. almost 40 million D. 12 million
The total cost of ownership includes:
a. price paid b. financing fees c. installation, repair, and maintenance costs d. operating costs e. all of the above
Unilateral rescission of a contract constitutes a breach of that contract
Indicate whether the statement is true or false