Milton, Inc. had the following transactions in 2019, its first year of operations:
• Issued 8000 shares of common stock. Stock has par value of $0.01 per share and was issued at $40.00 per share.
• Earned net income of $200,000.
• Paid dividends of $8.00 per share.
At the end of 2019, what is total stockholders' equity?
A) $320,000
B) $456,000
C) $136,000
D) $584,000
B) $456,000
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Which of the following statements is true of agency problems?
A. Regardless of economic conditions, if a firm's stock price falls during the year, this indicates that the firm's managers must not be acting in the best interests of the shareholders. B. One method of controlling agency problems is to engage in the taking of "poison pills." C. One of the best means to control agency problems is to require the managers and other important decision-makers of the firm to also be owners of the firm. D. Agency problems probably would not exist if the important decisions of a firm were made by persons who have no vested interests, such as ownership, in the firm. E. Shareholders can solve agency problems by selling their stock to other investors.
The Credit Card Accountability Responsibility and Disclosure Act (Credit CARD Act) gave card oversight to the Federal Reserve Board
a. True b. False Indicate whether the statement is true or false
The expected value of the sum of two random variables X and Y is equal to the ____________________ of the expected value of X and the expected value of Y
Fill in the blank(s) with correct word
The Fourteenth Amendment to the Constitution recognizes that the law is enforced by taking a person's life, freedom, or the resources that he or she owns.
Answer the following statement true (T) or false (F)