Theodore, as treasurer of Valleyview Corporation, had the duty to invest corporate earnings as he deemed best for the company. When Valleyview Corporation went public, the new board decided that a committee of the officers would make such investment decisions. If Theodore thereafter unilaterally contracted to purchase investment securities with corporate earnings as he had done many times before,
such contract would be valid:
A) since Theodore would have express authority.
B) since Theodore had implied authority.
C) under apparent authority if the seller knew of Theodore's past transactions.
D) because of ratification if the board did not know of his actions.
C
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The interest rate is also called the ________ rate.
Fill in the blank(s) with the appropriate word(s).
Which of the following statements about the television and premium video industry is not true?
A) Apple's iTunes store is the leading distributor of streaming video. B) The television industry is the major source of premium video on the Internet. C) Americans spend more time watching television on a computer or mobile device than they do on a traditional television set. D) Over-the-top entertainment services are a threat to cable television distributors.
On October 15, 20X1, Planet Company sold inventory to Stars Corporation, its Mexican subsidiary. The goods cost Planet $2,700 and were sold to Stars for $3,500, payable in Mexican pesos. The goods are still on hand at the end of the year on December 31. The Mexican peso is the functional currency of Stars. The exchange rates follow: October 151 peso=$0.07 December 311 peso=$0.08 Based on the preceding information, what amount of unrealized intercompany gross profit is eliminated in preparing the consolidated financial statements for the year?
A. $1,000 B. $800 C. $1,300 D. $0
Designing and sequencing activities to attain project goals describes the technical problem solving activity
Indicate whether the statement is true or false