______ are the structures and processes by which a nation integrates the parts of society into a functioning unit.
A. Political systems
B. Legal systems
C. Economic systems
D. Interpersonal interactions
A. Political systems
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For each of the following responsibility centers, state the typical focus of the responsibility report and briefly discuss the focus.
The origin of the Federal Trade Commission's (FTC's) corrective advertising program came from a deceptive advertising case involving
A. Ocean Spray Cranberry Juice. B. Campbell Soup. C. McDonald's. D. STP Corporation. E. Listerine.
Wonder Corporation declared a common stock distribution to all shareholders of record on September 30, 20X3. Shareholders will receive three shares of Wonder stock for each five shares of stock they already own. Diana owns 300 shares of Wonder stock with a tax basis of $90 per share (a total basis of $27,000). The fair market value of the Wonder stock was $180 per share on September 30, 20X3. What are the tax consequences of the stock distribution to Diana?
A. $0 dividend income and a tax basis in the new stock of $56.25 per share. B. $10,800 dividend and a tax basis in the new stock of $180 per share. C. $0 dividend income and a tax basis in the new stock of $180 per share. D. $0 dividend income and a tax basis in the new stock of $67.50 per share.
The table above shows the stock prices and multiples for a number of firms in the newspaper publishing industry. Another newspaper publishing firm (not shown) had sales of $640 million,
Use the table for the question(s) below. Name Market Enterprise Enterprise Enterprise Capitalization Value Price/ Value/ Value/ ($ million) ($ million) P/E Book Sales EBITDA Gannet 6350 10,163 7.36 0.73 1.4 5.04 New York Times 2423 3472 18.09 2.64 1.10 7.21 McClatchy 675 3061 9.76 1.68 1.40 5.64 Media General 326 1192 14.89 0.39 1.31 7.65 Lee Enterprises 267 1724 6.55 0.82 1.57 6.65 Average 11.33 1.25 1.35 6.44 Maximum +60% 112% +16% +22% Minimum -40% -69% -18% -19% EBITDA of $84 million, excess cash of $67 million, $14 million of debt, and 120 million shares outstanding. If the average enterprise value to sales for comparable businesses is used, which of the following is the range of reasonable share price estimates? A) $6.27 to $8.86 B) $4.59 to $12.23 C) $1.15 to $1.53 D) $6.19 to $9.32