Which of the following is NOT typically associated with the private ownership of business organizations?
A) the government
B) families
C) individuals
D) publicly traded, widely-held organizations
Answer: A
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Prepare an income statement and a statement of retained earnings for the month of June. Also, prepare a balance sheet at June 30
The transactions of Magna Designer Corporation for the first month of their operations are as follows: • On June 1, 2017, Magna Designer Corporation received $25,000 cash from its stockholders and gave common stock to the stockholders. • The company rendered services to three clients on account with total revenues earned of $9,000. • It then incurred an advertising expense on four different websites and promised to pay a total of $1,200 at a later date. • On June 13, Magna Designers purchased $1,000 worth of office supplies for cash. (The supplies are not used by June 30 ) • On June 22, it received $2,000 on account from a client and deposited it into the business account. • On June 23, it incurred $1,300 for a legal expense and paid cash. • On June 30, Magna Designers made a payment of $500 to one of the websites that it owed for advertising provided earlier in the month. • No dividends were paid during the month. What will be an ideal response
In the case of ________ leadership, the leader promises rewards in exchange for adequate performance.
A. transactional B. laissez-faire C. active management-by-exception D. transformational E. contingent reward
When a bond's rating improves from A to AA
A) the coupon rate will fall and the price will rise. B) both the coupon rate and the price will rise. C) both the coupon rate will stay the same and the price will fall. D) the coupon rate will stay the same, but the price will rise.
An investor purchases a call option with an exercise price of $55 for $2.60. The same investor sells a call on the same security with an exercise price of $60 for $1.40. At expiration, 3 months later, the stock price is $56.75
All other things being equal and given an annual interest rate of 4.0%, what is the net profit or loss to the investor? A) $1.21 loss B) $1.50 loss C) $0.54 gain D) $1.65 gain