All of the following are principles for social business except
a. Investors of the organization will only receive a 5% return on their full investment amount
b. The business objective of the organization is to address a social problem and not to maximize
profitability
c. When the investment amount is paid in full to all the investors, the subsequent profits will be
invested back into the firm for expansion and improvement opportunities
d. The employees of the organization will receive market wages with superior working
conditions
a. Investors of the organization will only receive a 5% return on their full investment amount
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Competition within an industry always has a negative effect on industry growth.
Answer the following statement true (T) or false (F)
A company has 500 shares of $50 par value preferred stock outstanding, and the call price of its preferred stock is $60 per share. It also has 20,000 shares of common stock outstanding, and the total value of its stockholders' equity is $680,000. The company's book value per common share equals:
A. $32.75. B. $60.00. C. $33.17. D. $32.50. E. $31.71.
On January 1, Year 1, Eureka Company issued $170,000 of 4-year, 5% bonds at face value. The annual cash payment for interest is due on January 1 of each year beginning January 1, Year 2. Based on this information, what is the total amount of liabilities related to these bonds that will be reported on the balance sheet at December 31, Year 1? (Hint: Consider the interest that might be owed to bondholders at December 31, Year 1.)
A. $170,000 B. $169,150 C. $178,500 D. $8500
What happened to WorldCom when its accounting issues and restatements were announced?
a. Its share price fell to 13 cents b. NASDAQ delisted the stock c. Congress revoked WorldCom's federal contract d. All of the above