Which of the following is a characteristic of common shares?

A) They have voting rights for directors
B) They carry a preferential right to distribution of assets on breakup.
C) They carry veto rights in annual general meetings of the company
D) They allow for the payment of lower rates of withholding tax on declared dividends
E) They attract a greater amount of dividend


A

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Firms extending credit to customers should

a. strive for zero uncollectible accounts to eliminate the need for establishing a bad debt expense and maintaining an allowance for uncollectible accounts. b. grant credit indiscriminately otherwise the firm may be charged with discrimination in the granting of credit and could be found to be in violation of Federal laws. c. grant credit to a given group of customers whenever the amount collected from the credit sales to that group exceeds the cost of goods sold and the other costs of serving that group. d. should ignore collection efforts aimed at those customers who have not paid their bills because the cost of staffing and maintaining a collection department are never cost effective. e. none of the above.

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Zero, Inc agreed to build Millie a storage building for $8,000 . After beginning the project, Zero realized that it could not complete the job and make a profit. Zero demanded $9,500 to complete the building. Millie agreed to pay the $9,500 . When the project was complete, Millie tendered $8,000 to Zero for the job. If Zero sues Millie for the remaining $1,500:

a. Zero will win because there was consideration for the additional $1,500. b. Zero will win because Millie had a pre-existing duty to pay any additional amounts. c. Zero will lose because there was no legal consideration to support the additional $1,500. d. Zero will lose because the UCC does not require consideration to modify an existing contract.

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________ materials translate into better fuel economy, fewer carbon emissions, and reduced operating cost

Fill in the blanks with correct word

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Suppose the next three random numbers were .08, .50 and .69. How many customers would have arrived during this 30-minute period?

A bakery is considering hiring another clerk to better serve customers. To help with this decision, records were kept to determine how many customers arrived in 10-minute intervals. Based on 100 10-minute intervals, the following probability distribution and random number assignments developed. Number of Arrivals Probability Random numbers 6 .1 .01 - .10 7 .3 .11 - .40 8 .3 .41 - .70 9 .2 .71 - .90 10 .1 .91 - .00 A) 22 B) 23 C) 24 D) 25

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