The RMBCA provides that shareholders: ______
A) have no preemptive rights unless the articles of incorporation so provide.
B) have preemptive rights regardless of what the articles of incorporation provide.
C) cannot have preemptive rights.
D) only have preemptive rights with respect to the transfer of a block of stock as consideration.
A
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With the ________, predictions of usage are based on quickness and ease of use
A) availability heuristic B) representative heuristic C) anchoring heuristic D) adjustment heuristic E) semantic heuristic
The method of converting a future dollar amount into its present dollar value by removing the time value of money is called
A) discounting B) compounding C) amortizing D) interpolation
________ is the harnessing of organization members' selves to their work roles.
A. Employee involvement B. Organization commitment C. Employee engagement D. Organizational citizenship behavior E. Job satisfaction
O'Reilly, Inc has prepared its third quarter budget and provided the following data
Jul Aug Sep Cash collections $51,000 $39,700 $47,900 Cash payments: Purchases of direct materials 30,000 21,900 17,000 Operating expenses 12,200 8,100 11,300 Capital expenditures 13,400 24,700 0 The cash balance on June 30 is projected to be $4,500. The company has to maintain a minimum cash balance of $5,000 and is authorized to borrow at the end of each month to make up any shortfalls. It may borrow in increments of $5,000 and has to pay interest every month at an annual rate of 4%. All financing transactions are assumed to take place at the end of the month. The loan balance should be repaid in increments of $5,000 whenever there is surplus cash. Calculate the amount of principal repayment at the end of September. A) $5,000 B) $10,000 C) $15,000 D) $20,000