A special shareholders' meeting may be called by any person authorized to do so by the articles
of incorporation or bylaws.
Indicate whether the statement is true or false
TRUE
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Janele is three years old. While playing with another child, she takes the juice from the other child’s hands and drinks it herself. How would Socrates have interpreted this action?
a. Janele might have known taking the juice was wrong, but she would have learned about that wrongness from the culture around her. b. Janele already knew in her soul that taking the juice was wrong (she was born with this knowledge) and chose to do it anyway. c. Janele was born good, so she must have learned this behavior from a corrupt adult. d. Janele was born with inherited sin, which manifested in the theft of the juice.
The financial statements of Weston Office Supply include the following items
2017 2016 Cash $43,500 $50,000 Short-term Investments 27,000 17,000 Net Accounts Receivable 102,000 97,000 Merchandise Inventory 125,000 119,000 Total Assets 527,000 554,000 Total Current Liabilities 251,000 242,000 Long-term Note Payable 59,000 51,000 What is 2017 current ratio? (Round your answer to two decimal places.) A) 0.84 B) 0.56 C) 1.19 D) 1.70
Desai Industries is analyzing an average-risk project, and the following data have been developed. Unit sales will be constant, but the sales price should increase with inflation. Fixed costs will also be constant, but variable costs should rise with inflation. The project should last for 3 years, it will be depreciated on a straight-line basis, and there will be no salvage value. No change in net operating working capital would be required. This is just one of many projects for the firm, so any losses on this project can be used to offset gains on other firm projects. What is the project's expected NPV? Do not round the intermediate calculations and round the final answer to the nearest whole number. WACC10.0% Net investment cost (depreciable basis)$200,000 Units sold39,000 Average
price per unit, Year 1$25.00 Fixed op. cost excl. depr. (constant)$150,000 Variable op. cost/unit, Year 1$20.20 Annual depreciation rate33.333% Expected inflation rate per year5.00% Tax rate40.0% ? A. -$72,673 B. -$73,970 C. -$66,833 D. -$64,886 E. -$60,993
A firm with a very low current ratio in comparison to the industry standard could lower the risk of unavailable short-term funds by moving toward ________ financing strategy
A) the aggressive B) the conservative C) a permanent D) a seasonal