Which of the following is an example of a vertical restraint of trade?
A) group boycott
B) price fixing
C) resale price maintenance
D) division of markets
C
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Which of the following is not an inherent risk typically associated with debt covenant compliance issues?
a. Whether debt covenants are calculated accurately. b. Whether debt payment transactions are properly initiated. c. Whether compliance with debt covenants is appropriately disclosed. d. Whether compliance with debt covenants is appropriately reviewed.
Singh Enterprises manufactures picture frames. Its production operations are divided into two departments — Assembly and Finishing. The company uses a process costing system. Singh incurred the following costs during the year to produce 6000 picture frames:
If Singh can only sell 5100 picture frames during the year, what will be the cost per unit of the picture frames produced? (Round your answer to the nearest cent.)
A) $2.34
B) $1.99
C) $1.62
D) $1.90
Under the Revised Act, the filing of the articles of incorporation by the secretary of state is conclusive proof that the incorporators have satisfied all conditions precedent to incorporation so that a shareholder or creditor would be unable to challenge the existence of the corporation
a. True b. False Indicate whether the statement is true or false
Stimpson Inc. preferred stock pays a $.50 annual dividend. What is the value of the stock if your
required rate of return is 10%? A) $5.00 B) $.05 C) $.50 D) $50.00