Although there are not many ESOPs in the U.S. at the present time, those that exist usually have employee representation on corporate board of directors.
Answer the following statement true (T) or false (F)
False
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Exhibit 14-7 Magenta Corporation issued $500,000 of its 6%, 10-year bonds, dated January 1, 2016, at face value plus accrued interest on September 1, 2016. Interest is paid on June 30 and December 31. Magenta uses the most common method to record the sale of the bonds between interest payment periods. Refer to Exhibit 14-7. The amount of bond interest expense reported on the year-end 2016 income
statement would be A) ?$10,000. B) ?$15,000. C) ?$25,000. D) ?$30,000.
Which of the following is most likely to appear in the appendix section of a formal proposal?
A) A copy of the RFP B) A list of tables and figures that appear in the proposal C) The résumés of principal investigators or testimonial letters D) An executive summary of the proposal
Dahn Corporation has provided the following financial data:Balance SheetDecember 31, Year 2 and Year 1AssetsYear 2Year 1Current assets: Cash$227,000 $150,000 Accounts receivable, net 134,000 130,000 Inventory 150,000 130,000 Prepaid expenses 83,000 80,000 Total current assets 594,000 490,000 Plant & equipment, net 769,000 840,000 Total assets$1,363,000 $1,330,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable$200,000 $180,000 Accrued liabilities 63,000 70,000 Notes payable, short term 71,000 60,000 Total current liabilities 334,000 310,000 Bonds payable 290,000 290,000 Total liabilities 624,000 600,000 Stockholders' equity: Common stock, $5 par
value 400,000 400,000 Additional paid-in capital 50,000 50,000 Retained earnings 289,000 280,000 Total stockholders' equity 739,000 730,000 Total liabilities & stockholders' equity$1,363,000 $1,330,000 Income StatementFor the Year Ended December 31, Year 2Sales (all on account)$1,370,000 Cost of goods sold 850,000 Gross margin 520,000 Operating expenses 482,692 Net operating income 37,308 Interest expense 21,000 Net income before taxes 16,308 Income taxes (35%) 5,708 Net income$10,600 Dividends on common stock during Year 2 totaled $1,600. The market price of common stock at the end of Year 2 was $2.37 per share. The company's accounts receivable turnover for Year 2 is closest to: A. 10.22 B. 10.38 C. 0.97 D. 1.03
Kenny was pleased to reward his top sales professional, Deborah, with a hefty bonus for the third year in a row because of her increasingly large sales figures. She said, "Kenny, you keep providing ________ as a consequence of my sales, and I will keep posting excellent sales!"
A. an intrinsic reward B. positive reinforcement C. low need for affiliation D. high need for affiliation E. hygiene factors