Corporate assets belong to the stockholders and not to the corporation
Indicate whether the statement is true or false.
F
You might also like to view...
Which of these is the money constraint for this scenario?
Zevon Enterprises provides services for clients worldwide and to protect all parties to this course as well as Zevon, we shall refer to those services as X1, X2, and X3. Each of these services has its own special mix of needs for the resources the company has at its disposal. The X1 product requires three lawyers, seven guns, and $6,000; the X2 product requires two lawyers, five guns, and $4,000; and the X3 product requires four lawyers, six guns, and $7,000. Zevon has access to 5,000 lawyers, 10,000 guns, and $15,000,000. For ease of conversation, Zevon employees usually speak about dollars as "per thousand" so one of them asking for $7 means that they really need $7,000. Zevon's demand is variable depending on what they charge for it. For example, the X1 product's demand is 200 - 2.25p1. The demand for X2 is 300 - 3p2, and the demand for X3 is 400 - 3.5p3. The per unit profit forX1 through X3 can be calculated by subtracting the per unit cost from the sales price, so for X1, the profit is p1 - 2.25, for X2 the profit is p2 - 3, and for X3 the profit is p3 - 3.5. A) 7X1 + 5X2 + 6X3 ? 10,000 B) 3X1 + 2X2 + 4X3 ? 5,000 C) 6X1 + 4X2 + 7X3 ? 15,000 D) X1 = 200 - 2.25p1
If Anna Laura, in return for the payment of $200 to her by Catherine, gives Catherine an option to buy Jesse, a prime Arabian mare, at any time within the next 14 days at a price of $50,000, Anna Laura's offer to Catherine is:
a. a revocable option contract. b. an irrevocable output contract. c. irrevocable for the 14 days covered by the option. d. a requirements contract.
Alpine, Inc. sells a single product. The following information relates to the year just ended:Number of units sold: 40,000Variable cost per unit: $200Total fixed cost: $2,400,000Operating income: $3,800,000Required:A. Compute the company's selling price.B. Compute the percentage markup on total cost. Round your answer to two decimal places.C. Assume that Alpine desired to change its practice of computing a markup on total cost to a markup on variable cost. If the company wants to hold selling price constant, would the markup percentage increase or decrease? By how much?
What will be an ideal response?
Not meeting time, scope, and resource requirements are examples of external risks
Indicate whether the statement is true or false