An executive officer of a corporation normally can conduct ordinary business transactions without obtaining written authority from the corporation
Indicate whether the statement is true or false
T
You might also like to view...
On January 1, 2016, Bogart Acres Company issued 10,000 shares of 10%, $20 par value cumulative preferred stock. In 2016 and 2017, no dividends were declared on preferred stock. In 2018, Bogart had a profitable year and decided to pay dividends to stockholders of both preferred and common stock. If it has $200,000 available for dividends in 2018, how much could it pay to the common stockholders?
a. $140,000 b. $160,000 c. $180,000 d. $200,000
If a company has an income tax rate of 40% and fixed costs of $105,000 . and wishes to earn an after-tax profit of $150,000 . what must its pre-tax income be?
a. $375,000 b. $425,000 c. $250,000 d. $175,000
Janet Stringer argues that "the DCF valuation method has increased managers' focus on short-term rather than long-term performance, since the discounting process places much heavier weight on short-term cash flows than long-term ones.". Comment
Forgetting someone's name shortly after being introduced, even though we look directly at the person, smiling and nodding, is an example of overlistening
Indicate whether the statement is true or false