Merging involves ________
A) reducing the number of organizational levels to get closer to the customer
B) removing barriers that separate organizational departments
C) partnering with fewer but better value-adding suppliers
D) working more closely with customers to add value to their operations
E) acquiring firms in the same or complementary industries
E
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Colorful, Inc. was incorporated on January 1, 2016. Colorful issued 15,000 shares of common stock and 800 shares of preferred stock on that date. The preferred stock is cumulative, $100 par, with a 12% dividend rate. Colorful has not paid any dividends yet. In 2019, Colorful had its first profitable year, and on December 31, 2019, Colorful declared a total dividend of $44,000. What is the total amount that will be paid to common stockholders?
A) $9600 B) $38,400 C) $5600 D) $44,000
Which of the following is not a tax advantage associated with home ownership?
A) Deductible property taxes B) Imputed non-taxed rental income C) Capital gain tax exemption D) Tax deductible repayment of loan principal
Hal holds a gun to Irving's head and tells him to sign the contract. Irving signs the contract, because he fears for his personal safety. The contract is void, because it was entered into under duress
a. True b. False Indicate whether the statement is true or false
Banquets & Parties (B&P) contracts to buy 1,000 uninflated balloons from Gas Bags, Inc, for $1 per item. When the market price decreases to 50 cents per balloon, B&P refuses to go through with the deal. Gas Bags can recover A)?$1,500
B)?$1,000. C)?$500. D)?$0.