In Market Company's suit against National Credit Corporation, Market wants to introduce evidence that it claims is relevant. Relevant evidence is evidence that
A. establishes the degree of probability of a fact or action.
B. tends to disprove a fact in question.
C. tends to prove a fact in question.
D. all of the choices.
Answer: D
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A company has $200 in cash, $500 in accounts receivable, and $700 in inventory. If current liabilities are $400, then the quick ratio would be
a. 1.75 to 1 b. 2.25 to 1 c. 3.00 to 1 d. 3.50 to 1
During May, Photo Mart sold 150 instant cameras for $100 each. Each camera had cost Photo Mart $69 to purchase and carried a one-year warranty. If 4 percent typically need to be replaced over the warranty period and two actually are replaced during May, the entry to record the Product Warranty Expense for the month is:
a. Product Warranty Expense 138 Estimated Product Warranty Liability 138 b. Product Warranty Expense 276 Cash 276 c. Product Warranty Expense 552 Cash 552 d. Product Warranty Expense 414 Estimated Product Warranty Liability 414
Conflicts that arise from people just not getting along, and not working very hard to overcome their differences, are said to be caused by ________
A) competing goals B) lack of information C) differences of opinion D) ego issues E) relational issues
E-mail and the Internet:
a. can be time wasters. b. enhance your ability to concentrate. c. help you focus on the task at hand. d. None of the answers are correct.