A majority vote wins a union election

Indicate whether the statement is true or false


TRUE

Business

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The bird-in-the-hand argument espousing the importance of dividends or dividend relevance suggests that investors view current dividends as less risky than future dividends or capital gains

Indicate whether the statement is true or false

Business

Freiman Corporation's most recent balance sheet and income statement appear below:Balance SheetDecember 31, Year 2 and Year 1(in thousands of dollars) Year 2Year 1Assets      Current assets:      Cash$160 $120 Accounts receivable, net 220  240 Inventory 120  130 Prepaid expenses 40  40 Total current assets 540  530 Plant and equipment, net 700  700 Total assets$1,240 $1,230    Liabilities and Stockholders' Equity  Current liabilities:      Accounts payable$130 $150 Accrued liabilities 90  90 Notes payable, short term 60  70 Total current liabilities 280  310 Bonds payable 280  290 Total liabilities 560  600 Stockholders' equity:      Common stock, $2 par value 100  100 Additional paid-in

capital 200  200 Retained earnings 380  330 Total stockholders' equity 680  630 Total liabilities & stockholders' equity$1,240 $1,230 Income StatementFor the Year Ended December 31, Year 2(in thousands of dollars)Sales (all on account)$1,310 Cost of goods sold 780 Gross margin 530 Selling and administrative expenses 359 Net operating income 171 Interest expense 35 Net income before taxes 136 Income taxes (30%) 41 Net income$95 The accounts receivable turnover for Year 2 is closest to: A. 5.95 B. 1.09 C. 5.70 D. 0.92

Business

The effects upon sales of consumers receiving a referral or recommendation from other consumers best defines

A) consumer economy. B) referral economy. C) channel conflict. D) word-of-mouth economy.

Business

Which of the following laws regulates the buying and selling of traded securities?

a. The Taft-Hartley Act b. The 1933 Securities Act c. the 1934 Securities and Exchange Act d. the Federal Trade Commission Act e. none of these

Business