Before a corporation comes into existence, it ________.
A. cannot ratify a contract made by the promoter
B. is liable if the board acts to adopt the contract
C. can be liable as principal
D. is illegal to pay promoters for their services
Answer: A
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Floyd Manufacturing purchased an asset costing $65,000. Annual operating cash inflows are expected to be $12,000 each year for ten years. No salvage value is expected at the end of the asset's life. Assuming Floyd's cost of capital is 11 percent, what is the asset's net present value? (ignore income taxes)
A) $4,443 B) $5,670 C) $4,560 D) $17,670
Brianne's inbox is clogged up by unsolicited email advertisements and has more number of these mails thanlegitimate messages. This has made it difficult for her to manage her mails. In this scenario, theunwanted email advertisements that Brianne has received are _____.
A. worms B. firewalls C. spam D. spyware
Shareholder appraisal rights do not usually extend to short-form mergers.
Answer the following statement true (T) or false (F)
A "skill" is a learned talent that a person has acquired in order to perform a task.
Answer the following statement true (T) or false (F)