Carey decided to incorporate her business under the name yStar Inc Before yStar was incorporated, Carey signed a contract in the name of yStar, Inc to have some office space remodeled. Which statement is correct?
a. yStar is liable on the contract because the contract was signed in its name.
b. yStar becomes liable on the contract as soon as it is incorporated.
c. yStar is liable on the contract if the contractor knows that the corporation does not yet exist.
d. yStar will be liable on the contract only if the corporation adopts the contract.
d
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The Shasti Corporation reported the following for the year ending December 31, 2018:Service cost: $142,610 Plan assets, January 1, 2018: $1,200,000 Prior service cost amortization: $21,150 Expected return on plan assets: 9% Actual return on plan assets: 8.5% Pension expense: $175,760 Actuarially determined discount rate: 8% What was the projected benefit obligation on January 1, 2018?
A. $1,425,000 B. $1,200,000 C. $1,333,333 D. $1,500,000
A disadvantage of a customer sales organization is
A. the need to assign just one salesperson to local, regional, national, and global territories. B. an increased need for multilingual salespeople. C. the need for close teamwork amongst a diverse salesforce. D. the smaller number of qualified sales managers. E. higher administrative costs and some duplication of selling effort.
Firms recognize deferred tax assets only to the extent that they expect to generate sufficient taxable income to realize the assets in the form of tax savings in the future. IFRS requires that firms recognize the _____of deferred tax assets, with explanatory disclosures
a. expected realizable amount b. present value of the amount c. future value of the amount d. negotiated value of the amount e. liquidation value of the amount
You are trying to determine the appropriate price to pay for a share of common stock. If you purchase this stock, you plan to hold it for 1 year. At the end of the year you expect to receive a dividend of $5.50 and to sell the stock for $154. The appropriate rate of return for this stock is 16 percent. What should the current price of this stock be?
A. $150.22 B. $162.18 C. $137.50 D. $98.25 E. $175.83