Which one of the following is not an advantage of forming a corporation?
a. A corporation exists separately from its owners.
b. A corporation's creditors usually may not go beyond the assets of the corporation to satisfy their claims.
c. The corporate form is suited for raising large amounts of money from numbers of capital shareholders.
d. Corporations must satisfy many requirements such as those required by the Sarbanes-Oxley Act of 2002.
d
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A buyer asking or receiving something of value that influences purchasing decisions occurs in the black market.
Answer the following statement true (T) or false (F)
Costs that differ between alternatives are called:
A) sunk costs. B) irrelevant costs. C) relevant costs. D) unavoidable costs.
Two sisters each open IRAs in 2011 and plan to invest $3,000 per year for the next 30 years. Mary
makes her first deposit on January 1, 2011, and will make all future deposits on the first day of the year. Jane makes her first deposit on December 31, 2011, and will continue to make her annual deposits on the last day of each year. At the end of 30 years, the difference in the value of the IRAs (rounded to the nearest dollar), assuming an interest rate of 7% per year, will be A) $19,837. B) $6,300. C) $12,456. D) $210.
Finance charges apply only to balances that were not paid in full before their due date in the current billing period
Indicate whether the statement is true or false.