Kip opens an account at a Lotsa Goodies Store, and buys a digital music player and other items, but makes no payments on the account. To collect the debt, Mako, the manager, contacts Kip's parents. This violates
a. no federal law.
b. the Fair and Accurate Credit Transactions Act.
c. the Fair Debt Collection Practices Act.
d. the Truth-in-Lending Act.
A
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The ability to recognize and deal with one’s own emotions, as well as the emotions of others is known as ______.
a. emotional stability b. emotional intelligence c. neural emotional feedback d. neural emotional stability
(CMA adapted, Dec 89 #8) On January 1, Year 1, Toga Corporation granted stock options to top management. The options were exercisable within 4 years from the date of grant only if the employee was still in Toga's employ. When computing year-end earnings per share at December 31, Year 1, Toga should
a. exclude the options until the year they are exercisable. b. include the options in diluted earnings per share if they are dilutive. c. include the options in diluted earnings per share if they are antidilutive. d. ignore the options because they are not considered common stock equivalents. e. recognize the value of the options each year in the income statement until they are exercised.
James knows that the company’s new widget has a defect in it that will cause it to break after 3 months of use. He decides to say nothing about it because the company really needs the income from the new widget. It appears James’s justification for his unethical behavior is ______.
A. everyone else does it B. I did it for the good of others or the company C. I was only following orders D. I’m not as bad as the others
A company's history indicates that 20% of its sales are for cash and the rest are on credit. Collections on credit sales are 30% in the month of the sale, 50% in the next month, and 15% the following month. Projected sales for January, February, and March are $60,000, $85,000 and $95,000, respectively. The March expected cash receipts from current and prior credit sales is:
A. $80,750 B. $64,000 C. $63,080 D. $57,000 E. $90,250