A firm is in ________ if it is having difficulty meeting its commitments to its creditors such as the bondholders

A company's balance sheet shows $225 million in real assets (equipment, trucks, intermediate goods) and $25 million in cash. Owners' equity equals $125 million. No preferred. Its debt must be:

a) $75 million b) $100 million c) $125 million d) $150 million

Which of the following needs to be in writing to be enforceable under the Statute of Frauds?

a. A lease with a one-year term. b. A lease listing agreement with less than a one-year term. c. A partnership agreement. d. A contract which is to be performed greater than one year after it is entered into.