Ballard Corporation has retained earnings of $200,000 . It has 5,000 shares of 6 percent, $100 par value preferred stock outstanding that is callable at 102 . The preferred stock is cumulative, and one year of dividends is in arrears. It also has 10,000 shares of $50 par value common stock outstanding. Assume all stock is issued at par. The book value of each share of common stock is
a. $66.
b. $69.
c. $51.
d. $50.
A
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If after an administrative hearing a company is still not satisfied with the ruling of the Federal Trade Commission (FTC), the next step is to:
A) appeal the decision to the Court of Appeals B) hold a hearing before the full FTC C) appeal the decision to the Supreme Court D) hold a hearing before an administrative law judge
Answer the following statements true (T) or false (F)
1. The motivation process is shaped by unsatisfied needs and the resulting tension. 2. Needs motivation theories are generally divided into two categories: content theories and procedure theories. 3. Alderfer’s ERG theory proposed that instead of satisfying needs one step at a time, we can satisfy different levels in any order or even at the same time depending on the circumstances. 4. According to Hertzberg, eliminating poor hygiene factors will reduce job dissatisfaction, while increasing motivator factors will increase job satisfaction. 5. Once a paycheck affords a certain standard of living, then higher-level needs are already satisfied and people can pursue lower-level needs.
Which of the following is not a true statement about using social media to build business relationships?
A) Social media allows companies to build meaningful relationships with customers. B) Capitalizing on these technologies means listening to customers. C) Effective companies may use technology to explain a business practice or clarify a service they provide. D) Social media allow companies to build meaningful relationships with employees online. E) Effective companies may use technology to identify difficult customers to shame into better behavior.
Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period: Office ExpensesTotal Allocation BasisSalaries$30,000 Number of employeesDepreciation 20,000 Cost of goods soldAdvertising 40,000 Net sales ItemDrilling Grinding TotalNumber of employees 1,000 1,500 2,500 Net sales$325,000 $475,000 $800,000 Cost of goods sold$75,000 $125,000 $200,000 The amount of the total office expenses that should be allocated to Grinding for the current period is:
A. $54,250. B. $45,000. C. $35,750. D. $600,000. E. $90,000.