The voluntary dissolution of a corporation is approved by the shareholders and board of directors
a. True
b. False
Indicate whether the statement is true or false
True
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Historical Art is a new business. During its first year of operations, credit sales were $55,000 and collections on credit sales were $33,000. One account of $500 was written off. Management uses the percent-of-sales method to account for bad debts expense and estimates 3% of credit sales to be uncollectible. The ending balance of Allowance for Bad Debts account is ________.
A) $1150 B) $1650 C) $645 D) $2625
Smile Industries capital structure consists of $1,000,000 of debt at 6 percent interest and 1,500,000 of stockholders equity at 2 percent. The overall cost of capital is
a. 2.4% b. 4.8% c. .8% d. 9.8%
Develop a house of quality for a hypothetical cell phone manufacturer. What would be potential customer requirements? Technical characteristics? How would your product likely rate against competitors?
What will be an ideal response?
Which of the following is NOT a problem caused by a mismatch between supply and demand?
a. excess inventories and obsolete products b. delays in production and on-time delivery c. material and product shortages d. reduced expediting and increased profits