Which of the following is shown on the balance sheet as well as the statement of cash flows?
A) Stockholders' equity (ending balance)
B) Net income
C) Total assets (ending balance)
D) Cash (ending balance)
D
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A distributor of outdoor yard lights has four suppliers. This past season she purchased 40% of the lights from Franklin Lighting, 30% from Wilson & Sons, 20% from Evergreen Supply, and the rest from A. L. Scott
In prior years, 3% of Franklin's lights were defective, 6% of the Wilson lights were defective, 2% of Evergreen's were defective, and 8% of the Scott lights were defective. When the lights arrive at the distributor, she puts them in inventory without identifying the supplier. Suppose that a defective light string has been pulled from inventory; what is the probability that it was supplied by Franklin Lighting?A) 0.33 B) 0.45 C) 0.18 D) 0.29
Ewa is Diamond Financial Planners' most productive employee. She is dissatisfied with the commission structure, however, so she quits to work for Feldstar Investments, Inc When she leaves Diamond's employ, she takes her list of Diamond's clients so that she can induce them to switch to Feldstar. Trade secrets law covers
a. Diamond's list of clients. b. Ewa's performance. c. Feldstar's commission structure. d. none of the choices.