The Equal Credit Opportunity Act prohibits discrimination against credit applicants on the basis of sex, race, marital status, or receipt of public benefits (welfare)
a. True
b. False
Indicate whether the statement is true or false
True
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A corporation reports the following year-end balance sheet data. The company's debt ratio equals: Cash$40,000 Current liabilities$75,000 Accounts receivable 55,000 Long-term liabilities 35,000 Inventory 60,000 Common stock 100,000 Equipment 145,000 Retained earnings 90,000 Total assets$300,000 Total liabilities and equity$300,000
A. 0.58 B. 1.27 C. 0.63 D. 2.07 E. 0.37
Marie owes Nathan $900 and the parties agree that Marie will paint Nathan's house in satisfaction of the debt. The debt is not discharged until Marie performs the substituted agreement by painting Nathan's house
a. True b. False Indicate whether the statement is true or false
A jewelry store is more likely than a jewelry manufacturer to consider ________ in making a location decision
A) transportation costs B) cost of raw materials C) appearance/image of the location D) quality of life E) taxes
Bribes to government officials are only unethical if the culture of a country does not believe they are unethical
Indicate whether the statement is true or false