In 2005, Bettina opened Bettina Brownies in a shopping mall. The brownies were a hit and soon Bettina was operating shops in several malls in Illinois. By 2012 she had expanded operations to Indiana and she decided that it was time to finance expansion through the equity markets. With an investment banker, she prepared for the initial offering of Bettina Brownies. She sold 50,000 shares of stock
at $10 a share. Expansion continued. Keebler determined that Bettina was a well-run company with an attractive financial position. It began secret negotiations with Bettina to buy her interest in the business. News of the negotiations leaked. Mr. Little, CEO of Keebler, denied that they were pursuing a deal with Bettina. A month later Bettina sold her share of the business to Keebler. Shortly before Bettina sold her interest to Keebler, Joe Kelso, a carpet cleaner was working at Bettina office when he overheard discussion of the sale to Keebler. Joe bought a large number of shares in Bettina. After the Keebler sale was completed, Joe sold his stock for a substantial profit. When Bettina first sells stock to the public, which legislation will she need to follow?
a. the Investment Advisors Act b. the Securities Act of 1933
c. the Insider Trading Sanctions Act
d. the Securities Exchange Act of 1934 e. the Trust Indenture Act
b
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Jupiter Manufacturing began business on January 1. During its first year of operation, Jupiter worked on five industrial jobs and reported the following information at year-end:
What was the balance in Work-in-Process Inventory at year-end?
A) $2800
B) $2400
C) $2100
D) $1100
In the five-forces model, conditions under which a supplier group can be powerful include all of the following except
A. high differentiation by the supplier. B. dominance by a few suppliers. C. readily available substitute products. D. lack of importance of the buyer to the supplier group.
A firm's free cash flow (FCF) equals the sum of operating cash flows, financing cash flows, and investing cash flows
Indicate whether the statement is true or false
The "front page of the newspaper test" is an application of whether conduct gives the appearance of impropriety
Indicate whether the statement is true or false