Name four benefits of using an IPO as a harvesting method..

What will be an ideal response?


1.An IPO is one way to signal to investors that a firm is a quality business and will likely perform well in the future.  2.A firm whose stock is traded publicly has access to more investors when it needs to raise capital to grow the business.  3.Being publicly traded helps create ongoing interest in the company and its continued development.  4.Publicly traded stock is more attractive to key personnel whose incentive pay includes the firm's stock.

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On March 31 a company needed to estimate its ending inventory to prepare its first quarter financial statements. The following information is available:Beginning inventory, January 1: $4,000Net sales: $80,000Net purchases: $78,000The company's gross margin ratio is 25%. Using the gross profit method, the estimated ending inventory value would be:

A. $20,000. B. $22,000. C. $19,500. D. $60,000. E. $82,000.

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The ethic of care is associated with which ethical perspective?

A. aristotelian ethics B. confucianism C. altruism D. categorical imperative

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What information should be contained on the title page?

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The equitable doctrine that permits enforcement of oral contracts that should have been in

writing is known as: A) Part performance. B) Promissory estoppel. C) The equal dignity rule. D) A collateral contract.

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