The value assigned to shares in the articles of incorporation is referred to as ________.

A. stated value
B. capital surplus
C. fair value
D. par value


Answer: D

Business

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Which of the following should be integrated into an organization’s strategic planning?

a. code of ethics and employee aspirations b. business plan and vision statement c. mission statement and code of ethics d. mission statement, vision statement, and code of ethics

Business

Which of the following statements is CORRECT?

A. If the maturity risk premium (MRP) is greater than zero, then the yield curve must have an upward slope. B. Because long-term bonds are riskier than short-term bonds, yields on long-term Treasury bonds will always be higher than yields on short-term T-bonds. C. If the maturity risk premium (MRP) equals zero, the yield curve must be flat. D. The yield curve can never be downward sloping. E. If inflation is expected to increase in the future, and if the maturity risk premium (MRP) is greater than zero, then the yield curve will have an upward slope.

Business

The following is a partially completed lower section of a departmental expense allocation spreadsheet for Brickland. It reports the total amounts of direct and indirect expenses for the four departments. Purchasing department expenses are allocated to the operating departments on the basis of purchase orders. Maintenance department expenses are allocated based on square footage. Compute the amount of Maintenance department expense to be allocated to Assembly. Purchasing Maintenance Fabrication Assembly Operating costs$32,000  $18,000  $96,000  $62,000  No. of purchase orders         16    4  Sq. ft. of space         3,300   2,700  

A. $9,900. B. $8,100. C. $25,600. D. $9,000. E. $6,400.

Business

The U.S. Constitution provides that all valid treaties, which are agreements among independent nations, have the force of federal statutes

a. True b. False Indicate whether the statement is true or false

Business