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Tammy Jenkins
Answers (6)
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Insurance agents, even though they are agents of companies, may be held liable for clients' losses if, when requested to do so, they fail to provide proper coverage for the contemplated loss.
On Jul 21, 2024
True
TJ
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On July 8, Jones Inc. issued an $80,000, 6%, 120-day note payable to Miller Company. Assume that the fiscal year of Jones ends on July 31. Using the 360-day year, what is the amount of interest expense recognized by Jones in the current fiscal year?
A) $700
B) $4,200
C) $307
D) $1,400
A) $700
B) $4,200
C) $307
D) $1,400
On Jul 18, 2024
C
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The president of a large public university proclaims, "If we can get the state government to fund our new football stadium, it will not cost us anything." Evaluate this view from an economic perspective.
On Jun 20, 2024
While it may not directly affect the university's budget, the cost will be borne by taxpayers. Also, there will be opportunity costs brought about by diverting stadium funding from roads, hospitals, or primary schools. We also should not ignore the fact that the state may reduce its funding of the university in other areas, such as student financial aid, to compensate for the cost of the football stadium.
TJ
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Which of the following is illegal under federal labor law?
A) Closed shops.
B) Agency shops.
C) Union shops.
D) State right-to-work laws.
A) Closed shops.
B) Agency shops.
C) Union shops.
D) State right-to-work laws.
On Jun 17, 2024
A
TJ
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In learning terms, attractive, high status people are often effective models.
On May 20, 2024
True
TJ
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A small stock dividend:
A) Results in a transfer of retained earnings to common stock and additional paid-in capital.
B) Increases the number of shares outstanding and involves a pro rata reduction in the par value per share.
C) Is accounted for in exactly the same manner as a stock split.
D) Results in a transfer of retained earnings to additional paid-in capital and also increases the number of shares outstanding and involves a pro rata reduction in the par value per share.
A) Results in a transfer of retained earnings to common stock and additional paid-in capital.
B) Increases the number of shares outstanding and involves a pro rata reduction in the par value per share.
C) Is accounted for in exactly the same manner as a stock split.
D) Results in a transfer of retained earnings to additional paid-in capital and also increases the number of shares outstanding and involves a pro rata reduction in the par value per share.
On May 17, 2024
A