Bill improperly takes jewels worth $75,000 from Bob. Bob sues Bill in civil court to recover the jewels from Bill. Bob wins the jewels back in the civil lawsuit and Bill has to give them back. The FBI quickly discovers what Bill did and brings federal criminal charges against Bill for interstate theft. Bill defends against the charge claiming the criminal charge is double jeopardy. Bill argues that he cannot be sued civilly for the jewels' value by Bob and also be charged criminally for the theft because that is being punished twice for only one act and is unfair. The Statement: This is double jeopardy, and the criminal charge cannot be prosecuted against Bill.

a. True
b. False

Data pertaining to the current position of forte company are as follows: cash $437,500 marketable securities 170,000 accounts and notes receivable (net) 320,000 inventories 700,000 prepaid expenses 42,000 accounts payable 240,000 notes payable (short-term) 250,000 accrued expenses 310,000 required: 1. compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. round ratios to one decimal place. 2. compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns of the table provided. consider each transaction separately and assume that only that transaction affects the data given. round to one decimal place. a. sold marketable securities at no gain or loss, 75,000. b. paid accounts payable, 135,000. c. purchased goods on account, 100,000. d. paid notes payable, 105,000. e. declared a cash dividend, 125,000. f. declared a common stock dividend on common stock, 45,000. g. borrowed cash from bank on a long-term note, 205,000. h. received cash on account, 130,000. i. issued additional shares of stock for cash, 635,000. j. paid cash for prepaid expenses, 15,000.

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According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is