Describe common stock
What will be an ideal response?
Answer: Common stock has no guaranteed value and may not even pay dividends. If dividends are paid, the amount can change from one distribution to the next. Common stockholders have the lowest priority of claims to the assets and profits of a corporation. The one thing common stockholders have are voting rights on certain key issues. Common stockholders also get to share in the eventual profits of a corporation. Since these profits may increase over time, the value of the common stock can increase substantially.
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Of the following, which medium is the least rich?
A. Flier on a bulletin board. B. Instant messaging on the Internet. C. E-mail. D. Handwritten notes. E. Conference telephone calls.
All of the following represent examples of sources of secondary data EXCEPT:
A) trade organizations. B) the Bureau of Census. C) the Internet. D) A and B E) survey data.
The percent of fixed assets to total assets is an example of
A) vertical analysis B) solvency analysis C) profitability analysis D) horizontal analysis
The weighted average method (WA) combines the begining inventory of WIP and current period production activity and costs
Indicate whether the statement is true or false