In most jurisdictions, there is no quorum unless the holders of at least _____ of the outstanding shares are present in person or by proxy
a. 25%
b. 33%
c. 50%
d. 75%
c
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The cost of goods sold decreases the balance in the Finished Goods Inventory account
Indicate whether the statement is true or false
Using the City Bicycle example, suppose the cycling store uses the FIFO cost-flow assumption. The cost of goods sold is _____, and the ending inventory is _____
a. $2,900; $5,500 b. $2,500; $5,900 c. $3,000; $5,400 d. $2,800; $5,600 e. cannot be determined with the information given
Tactics that emphasize grassroots involvement rather than reliance on outside, full time, paid union organizers reflect Saul Alinsky's _______________________________, which is "Never do for others that they can do for themselves."
Fill in the blank(s) with the appropriate word(s).
For capital budgeting and cost of capital purposes, the firm should always consider retained earnings as the first source of capital (i.e., use these funds first) because retained earnings have no cost to the firm.
Answer the following statement true (T) or false (F)