Marianne Company reports the following: Total Assets $1,200 Total Revenues $ 800 Total Liabilities $ 500 Beginning Retained Earnings $ 200 Total Expenses $ 400 Dividends $ 0 What is Contributed Capital?
a. $300
b. $200
c. $100
d. $0
e. $400
C
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A conflict of interest would be present if:
A) the client company's leaders cannot decide which ad agency to select B) the ad agency already represents a similar product C) the client company employs several former members of the ad agency D) the ad agency employs several former members of the client company
Identify the statement that is incorrect.
A. Risk is higher if a company has more liabilities. B. Lower financial leverage involves lower risk. C. The debt ratio is one measure of financial risk. D. Higher financial leverage involves higher risk. E. Risk is higher if a company has more assets.
A major difference between the memorandum format and the letter format is
a. the memo omits the salutation and complimentary close. b. the memo double spaces paragraphs. c. the memo omits reference initials. d. the memo must be printed on a memo form.
The management and union representatives of Prime Manufacturing are bargaining a new CBA. Management:
a. may use a lockout at any time to pressure the union into compromise. b. may never use a lockout as a tactic to pressure the union. c. may use a lockout if the parties have reached an impasse in their bargaining and management notifies the union before locking the employees out. d. may use a lockout only as a retaliatory measure if and when the union has threatened a strike.