Joe and josephine have started a plumbing business. the business is incorporated, but they have not invested any money in the business, which has only minimal assets. one day josephine negligently damages a main pipe in a customer's home, causing the basement to flood and resulting in $20,000 in damages. the homeowner's only remedy is to sue the corporation, but because the corporation has no funds and only minimal assets, the homeowner will bear the loss. joe and josephine are personally shielded from liability due to the corporate protections the business entity affords them.
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James sebenius, in his harvard business review article: six habits of merely effective negotiators, identifies six mistakes that negotiators make that keep them from solving the right problem. identify which mistake is being described. striving for a “win-win” agreement results in differences being overlooked that may result in joint gains.

Match each item to check for while reconciling a bank account with the document to which it relates. (there's not just one answer) 1. balancing account statement 2. balancing check register a. nsf fees b. deposits in transit c. interest earned d. bank errors

On june 3, teal company sold to chester company merchandise having a sale price of $2,600 with terms of 2/10, n/60, f.o.b. shipping point. an invoice totaling $91, terms n/30, was received by chester on june 8 from john booth transport service for the freight cost. on june 12, the company received a check for the balance due from chester company. prepare journal entries on the teal company books to record all the events noted above under each of the following bases. (1) sales and receivables are entered at gross selling price. (2) sales and receivables are entered at net of cash discounts.