A company has 250,000 shares of common shares outstanding, total assets of $5,000,000, and total stockholders' equity $4,000,000 . The ratio of liabilities to stockholders' equity is
a. 0.0625 to 1; b. 0.20 to 1; c. 0.25 to 1; d. 1.25 to 1; e. cannot be determined from the information given.
C
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Business firms have several reasons for preferring to operate as a group of legally separate corporations, rather than as a single entity. From the standpoint of the parent company, the more important reasons for maintaining legally separate subsidiary companies include which of the following?
a. To reduce the parent's legal or operational risk. b. To reduce the costs of dealing with jurisdiction-specific differences in corporate laws and tax rules. c. To expand or diversify. d. To reduce the costs of divesting assets. e. all of the above
Robert steals a truckload of plasma televisions that belong to Karson Electronics Store. He then resells it to Stu-Mart, which is unaware of the stolen nature of the goods. Karson Electronics Store then traces the plasma televisions to Stu-Mart
Robert is also arrested for the theft. Which of the following is true for Karson's legal course for reclaiming the televisions or recovering damages? A) Stu-Mart is a good-faith purchaser here and as such does not have to hand over the televisions to Karson. B) Stu-mart must hand over the televisions to Karson as its title to the goods is void. C) Karson's only recourse is against Robert to claim damages. D) Karson's cannot reclaim the goods, but can sue Stu-Mart for negligence and damages.
Generally speaking, the contract of a minor:
A) Must be in writing. B) Is voidable at the minor's option. C) Is void. D) Is not enforceable by the minor.
Queue discipline describes customers' behavior in the queue
Indicate whether this statement is true or false.