Equity, or shareholders' equity for a corporation,
a. is the residual interest of owners in the assets of an entity, after subtracting liabilities.
b. includes assets exchanged by owners in return for an ownership interest.
c. includes net assets generated by earnings activities in excess of net assets distributed to owners as dividends.
d. is reduced by repurchases by the firm of its ownership interests.
e. all of the above.
E
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In an executory bilateral contract, most courts hold that:
A. if a contract has been partially performed by one side, the promise of the other party is enforceable if it is communicated orally. B. even if a contract has been fully performed by one side, the other party may choose to not enforce its side of the contract. C. even if a contract has been fully performed by one side, the other party has no legal obligation to enforce its side unless it is in writing. D. if a contract has been fully performed by one side, the promise of the other party is enforceable even if it cannot be performed within a year.
In 2014, a small publishing company sold 60,000 copies of Super Travel paperbacks (its only product) at $5 per book; total fixed costs were $15,000; and total variable costs were $3 per book. What is this company's breakeven point in units?
A) 10,500 units B) 7,500 units C) 30,000 units D) 15,000 units
Businesses that are organized in the United States are subject to its laws, but not to the laws of other countries in which they do business
Indicate whether the statement is true or false
An increase in a security's random risk should lead to an increase in its beta value
Indicate whether the statement is true or false.