Upon the termination of a marriage, the separate property owned by spouses is ________
A) equally divided between the spouses
B) retained by the respective spouses who owned it
C) shared using a fair distribution method for marital assets
D) co-owned by both spouses
B
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In State X, persons must be at least eighteen years old before they can purchase alcoholic beverages. The state also has passed a law requiring that persons who prepare and serve liquor in the form of drinks in commercial establishments be licensed. The only requirement for obtaining a yearly license is that the person be at least eighteen years old. Moffitt, aged thirty-five, is hired as a bartender for the Lone Star Restaurant. Bekins, a staunch alumnus of a nearby university, brings twenty of his friends to the restaurant to celebrate a football victory. Bekins has ordered four rounds of drinks, and the bar bill exceeds $200. Bekins learns that Moffitt has failed to renew his bartender's license, and Bekins refuses to pay, claiming the contract is unenforceable. Is Bekins correct?
What will be an ideal response?
In the context of Section 16(b) of the Securities Exchange Act of 1934, insiders include officers, directors, and large stockholders of Section 12 corporations
Indicate whether the statement is true or false
Each of the following factors may cause a corporation to lower its dividend payout ratio EXCEPT
A) current common shareholders are unable to participate in new equity offerings. B) the corporation's current and quick ratios are higher than industry average. C) the corporation's retained earnings balance is high. D) the corporation's earnings predictability is high.
Blockbuster Inc just paid a dividend of $2 per share. Dividends are expected to grow at a rate of -50% annually over the next three years. After that, it is expected that Blockbuster will cease paying dividends forever
What is the fair market price for a share of Blockbuster if shareholders require a return of 12%? A) $0 B) $1.47 C) $1.61 D) $2.21 E) $2.95