A preincorporation subscription is an offer to purchase capital stock in a corporation yet to be formed
a. True
b. False
Indicate whether the statement is true or false
True
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Foundations, Inc. produces and sells cosmetic products. Currently, the company is operating at 70% of its capacity. The sales price of its product is $30 per unit, and it incurs a full cost of $25 to produce each unit. Its yearly fixed manufacturing overhead amounts to $20,000. The company has received a one-time order for supplying 5,000 units at $26 per unit. This order can be executed within the excess production capacity and will not involve any additional fixed costs. To make this decision, the management of Foundations should use ________.
A) absorption costing as the decision is long-term in nature B) variable costing as the decision is short-term in nature C) absorption costing as the decision is short-term in nature D) variable costing as the decision is long-term in nature
Which of the following is NOT an item to be considered in BOP calculations?
A) A foreign resident purchases a U.S. Treasury Bill. B) A U.S.-based firm manages the development of an oil field in Kazakhstan. C) A consumer buys a VCR made in Korea from a Florida Wal-Mart store. D) A U.S. citizen living in Minnesota travels to Winnipeg, Canada, and buys a case of LaBatt's Canadian beer.
Which of the following statements about goals is most likely false?
A. Followers exert the greatest effort when goals are accompanied by feedback. B. Determining just how challenging to make goals creates a dilemma for many leaders. C. Easily attainable goals result in higher levels of effort and performance. D. Goal commitment is likely to increase with follower participation in goal setting.
The earnings per share figure ____
A) is a comparative ratio B) is the best measure of a firm's profitability C) can be computed only if a firm has no debt D) is part of the price-to-earnings ratio