Generally, under employment-at-will doctrine, an employer may fire an employee at any time for any reason.
Answer the following statement true (T) or false (F)
True
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Which of the following is TRUE of outputs in an accounting information system?
A) In a manual system, reports and financial statements can be created using Word documents, Excel spreadsheets, or PowerPoint. B) In a computerized system, the software can generate reports instantaneously that cannot be formatted. C) Examples of outputs in an accounting information system include purchase invoices, bank checks, and sales invoices. D) Since the output in an accounting information system is audited and error-free, it provides the evidence and data for accounting transactions.
One of the most important steps in writing an informal report is that of A) gathering information
B) using the direct organizational strategy. C) using the indirect organizational strategy. D) incorporating figurative language.
The directors of MegaCorp learn that an outsider is planning on buying enough voting stock to get herself elected to the board of directors. MegaCorp, which has cumulative voting, quickly puts together a vote of shareholders to eliminate the company's cumulative voting procedure. The shareholders vote to do away with cumulative voting. The outsider, Dawn, who wanted to get herself elected to
MegaCorp's board, claims that the company has committed an illegal act. Is she right? a. Yes. The United States Supreme Court has ruled that a publicly held corporation that purposefully sets about to eliminate cumulative voting to prevent a person from getting herself elected to the board has acted illegally. b. Yes, but only if the company is incorporated in a state that has adopted the Model Act. c. No, provided the company did not change its cumulative voting provision solely for the purpose of preventing a particular person from taking advantage of that right. d. No. Under the Model Act, regardless of MegaCorp's motives, it had the right to act as it did.
Michelak's Maritime Industries has relatively stable earnings and pays an annual dividend of $3.00 per share
This dividend has remained constant over the past few years and is expected to remain constant for some time to come. If you want to earn 11% on an investment in the common stock of Michelak's, how much should you pay to purchase each share of stock? A) $12.50 B) $18.88 C) $20.83 D) $27.27