Requiring buyers to purchase one product in order to get another is acceptable practice and not a violation of the Sherman Act

Indicate whether the statement is true or false


False

Business

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Which of the following usually occurs at a corporation's first board meeting?

A) The articles of incorporation are filed. B) Bylaws are enacted. C) The face value of the stock to be issued is decided. D) A certificate of incorporation is issued.

Business

During the so-called cooling-off period while an issuing company is waiting for SEC approval of its IPO, advertising and promotion of the stock usually begins

Indicate whether the statement is true or false.

Business

Plexis Corporation holds 70 percent of Solar Company's voting common shares, acquired at book value, but none of its preferred shares. At the date of acquisition, the fair value of the noncontrolling interest was equal to 30 percent of the book value of Solar Company. Summary balance sheets for the companies on December 31, 20X5, are as follows: Plexis Corp.Solar CompanyCash and Receivables $70,000   $55,000  Inventory  60,000    35,000  Buildings and Equipment (net)  180,000    160,000  Investment in Solar Company  112,000    0  Total Assets $422,000   $250,000  Accounts Payable $40,000   $40,000  Preferred Stock  30,000    50,000  Common Stock ($15 par value)  90,000    75,000  Retained Earnings  262,000    85,000  Total

Liabilities and Owners' Equity $422,000   $250,000  Neither of the preferred issues is convertible. Plexis's preferred pays a 9 percent annual dividend, and Solar's preferred pays a 10 percent dividend. Solar reported net income of $40,000 and paid a total of $15,000 of dividends in 20X5. Plexis reported income from its separate operations of $80,000 and paid total dividends of $45,000 in 20X5.Based on the preceding information, what is the consolidated earnings per share for 20X5? A. $18.72 B. $17.42 C. $16.97 D. $19.17

Business

Identify an accurate statement about the performing stage of team development.

A. It is the first stage of team development. B. It is a stage where team members have anxiety over how they will fit in and what will be required of them. C. It is characterized by low competence. D. It is a stage where team members maintain positive group structure and dynamics.

Business