Which of the following is true of par value of a common stock?
A) It is determined on the basis of the stock's market value.
B) It is an arbitrary value established for legal purposes in a firm's corporate charter.
C) It indicates the market value at which the stock was originally sold.
D) It allows stockholders to purchase additional shares at a price below the market price.
B
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How should a contract be structured differently in a country with common law compared to one with civil law?
What will be an ideal response?
Which of the following guidelines should you follow when speaking to culturally diverse audiences??
A) ?Enunciate each word precisely. B) ?Use sophisticated vocabulary. C) ?Use jargon and figurative expressions. D) ?Jot ideas on a flip chart.
The Quadrangle Fabrication Plant suffered a fire incident at the beginning of the year, which resulted in the loss of property including the accounting records
Some data for the year were retrieved, and extracts from it are shown below: Total manufacturing overhead costs estimated at the beginning of the year $104,560 Total direct labor costs estimated at the beginning of the year $186,000 Total direct labor hours estimated at the beginning of the year 3,300 direct labor hours Actual manufacturing overhead costs for the year $99,700 Actual direct labor costs for the year $150,000 Actual direct labor hours for the year 2,100 direct labor hours The company's manufacturing overhead allocation is based on direct labor hours. How much manufacturing overhead was allocated to production during the year? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) A) $104,560 B) $66,528 C) $164,309 D) $186,000
The Pareto principle is best applied to which of the following inventory systems?
A. EOQ B. Fixed-time-period C. Single-period ordering system D. Fixed-order quantity E. ABC classification