Which type of stock, common or preferred, must all corporations have?
What will be an ideal response?
Common stock
Only a fraction of corporations choose to issue preferred stock.
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A company's flexible budget for 12,000 units of production showed sales, $48,000; variable costs, $18,000; and fixed costs, $16,000. The contribution margin expected if the company produces and sells 16,000 units is:
A. $40,000. B. $64,000. C. $48,000. D. $24,000. E. $18,000.
Which of the following statements about second-to-die life insurance is (are) true?
I. The insurance is a form of endowment coverage. II. The premium is lower than the combined cost of purchasing a life insurance policy on each insured. A) I only B) II only C) both I and II D) neither I nor II
A sample of 61 observations yielded a sample standard deviation of 6. If we want to test H0: ?2 = 40, the test statistic is
A. 54. B. 9.15. C. 54.90. D. 9.
Generally, leases longer than a year must be in writing
Indicate whether the statement is true or false