A(n) __________ is a court order based on an agreement by the defendant corporation to take measures to remedy the problem that led to the criminal charges
a. ex post facto agreement
b. nolo contendere
c. consent decree
d. warrant agreement
c
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A company that was to be liquidated had the following liabilities: Income Taxes$10,000 Notes Payable secured by land 100,000 Accounts Payable 44,000 Salaries Payable ($16,000 for Employee #1 and $4,000 for Employee #2) 20,000 Administrative expenses for liquidation 20,000 The company had the following assets: Book ValueFair ValueCurrent Assets$100,00095,000Land 50,00075,000Building 150,000200,000?Total unsecured non-priority liabilities are calculated to be what amount?
A. $ 44,000. B. $220,000. C. $ 72,150. D. $ 74,000. E. $ 47,150.
A firm is considering the purchase of an asset whose stand-alone risk is greater than the risk of the portfolio of assets. In evaluating this asset, the decision maker should:
A. decrease the internal rate of return (IRR) of the asset to reflect the greater risk. B. increase the net present value NPV of the asset to reflect the greater risk. C. reject the asset, since its acceptance would increase the risk of the firm. D. ignore the risk differential if the asset to be accepted would comprise only a small fraction of the total assets of the firm. E. increase the required rate of return from the project to reflect the higher risk of the project.
Which of the following statements is correct?
A. One advantage of dividend reinvestment plans is that they enable investors to postpone paying taxes on the dividends credited to their account. B. Stock repurchases can be used by a firm that wants to increase its debt ratio. C. Stock repurchases make sense if a company expects to have a lot of profitable new projects to fund over the next few years, provided investors are aware of these investment opportunities. D. One advantage of an open market dividend reinvestment plan is that it provides new equity capital and increases the shares outstanding. E. One disadvantage of dividend reinvestment plans is that they increase transactions costs for investors who want to increase their ownership in the company.
The cost reconciliation report has two sections: "Costs to be accounted for" followed by "Costs accounted for". The "Costs accounted for" portion of the cost reconciliation report includes the cost of beginning work in process inventory and the cost of units transferred out.
Answer the following statement true (T) or false (F)