Under Section 16(b) pertaining to short-swing profits, a person will be considered a(n) __________ of any securities held by his or her immediate family or any other relative living in his or her household
a. family owner
b. beneficial owner
c. actual owner
d. imputed owner
b
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On December 31 . 2013 . Freulein Company had 8,000 shares of common stock issued and outstanding. On April 1 . 2014, an additional 1,500 shares of common stock were issued and on July 1 . 500 more shares were issued. On October 1 . 2014, Freulein issued 10, $1,000 maturity value, 8% convertible bonds. Each bond is convertible into 40 shares of common stock. No bonds were converted into common
stock in 2014 . Assuming there are no antidilutive securities, what is the number of shares Freulein should use to compute diluted earnings per share for the year ended December 31 . 2014? a. 9,325 b. 9,475 c. 9,525 d. 9,775
Only a few stock life insurance companies issue
A) ordinary life policies. B) participating life policies. C) decreasing term life policies. D) group life policies.
Trailrider Corporation manufactures part no. 67, which is used in the production of mountain bikes. Per-unit information about part no. 67 follows.Prevailing market price$33Direct materials14Direct labor6Manufacturing overhead7Selling and administrative expenses3Trailrider has traditionally used a 20% markup on total cost to arrive at a reasonable selling price. The company, though, has noticed a sizable drop in sales volume during the last few quarters, which it attributes to new entrants in the marketplace.Required:A. Compute the current selling price of part no. 67.B. If management desired to meet the prevailing market price and maintain the current rate of profit on sales, what must happen to the company's total manufacturing costs? By how much?
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Bank Drugs sells Jami Michelle lipstick. Jami Michelle Company offers a 6% discount on orders of at least 500 tubes, a 10% discount on orders of at least 1000 tubes, a 12% discount on orders of at least 1800 tubes, and a 15% discount on orders at least 2500 tubes. Bank sells an average of 40 tubes of Jami Michelle lipstick weekly. The normal price paid by Bank Drugs is $1 per tube. If it costs Bank $30 to place an order and Bank's annual holding cost rate is 27%, determine the optimal order policy for Bank Drugs.
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