Both Lemon Light, Inc, and Orange Mist Corporation are soft drink distributors in Capital City
The soft drink business is highly competitive, profit margins are razor thin, and both companies
are on the brink of bankruptcy.
To save themselves, they agree to not sell soft drinks at a price
below $3 per six-pack. This is a fair price; it allows both of them to make a fair profit; and the
customers still get a relatively inexpensive drink. This action by Lemon Light and Orange Mist
is:
A) Legal, because they set a fair price.
B) Legal, because they did not set an absolute price, but only set a minimum price.
C) Legal, because they were on the brink of bankruptcy.
D) Illegal, because it is vertical price fixing.
E) Illegal, because it is horizontal price fixing.
E
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A company's retained earnings on December 31, 2018 was $2,190,000 and its shareholders' equity was $8,760,000. During 2019 the company reported the following: Net income $225,000 A sale of treasury stock costing $75,000 for $79,750 A treasury stock purchase costing $125,700 A cash dividend declaration of $73,200 A 10,000 share "small" common stock ($10 par value) dividend was declared and distributed when the market value was $12.75 per share. What is the shareholders' equity balance on December 31, 2019?
A. $8,865,850 B. $8,934,300 C. $8,738,350 D. $8,663,350
Risk is
A. a chance all entrepreneurs take. B. a probability that adverse conditions will result. C. the possibility of suffering harm or loss. D. usually avoidable.
An example of a country that has a low-context culture is
A) the United States. B) Saudi Arabia. C) China. D) Japan.
At what point during a career are individuals most aware of the socialization process?
What will be an ideal response?