________ accounts represent a firm's cash on hand as well as inventory that can be converted to cash or is expected from customers, minus what it is scheduled to pay out
A) Capital budget
B) Trade credit
C) Project budget
D) Working capital
E) Operating budget
Answer: D
Explanation: The working capital accounts represent a firm's cash on hand as well as economic value that can be converted to cash (inventory) or is expected from customers (accounts receivable), minus what it is scheduled to pay out (accounts payable).
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Mr. Ho talked with Mr. Tarr, who ran a business called Roscali Roofing. Mr. Ho agreed to pay Tarr $250 for the repair of his roof. In time, Gene Fix, Tarr's employee, came to Mr. Ho's and worked on the roof. Fix used the wrong material in the repairs, which made all his effort worthless, and during the next rain the roof leaked as before. Which of the following is true?
A) Ho could successfully sue only Tarr for breach of contract. B) Ho could successfully sue only Fix or Tarr for breach of contract, whichever he chooses, but not both. C) Ho could successfully sue Fix and Tarr for breach of contract since they were both connected with the job. D) If Tarr doesn't pay Fix, Fix could sue Ho directly for his pay because he worked on Ho's roof. E) Ho could only sue Tarr because he is the one who did a poor job of the roof.
U.S. hiring and firing practices are very similar to those in France
Indicate whether the statement is true or false.