Harbor Builders began construction on three homes in its new division. After construction had begun, the buyers of the homes closed escrow on the homes. The lender for the buyers had the buyers sign affidavits stating that construction had not begun. The buyers gave the lender mortgages on their properties. If Harbor is not paid and the buyers default, who has first rights on the proceeds from
the sale of the property?
A) The lender
B) Harbor Builders
C) Neither, they take a pro rata share
D) The buyers
B
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Watson Company has 5,000 shares of $5 par, 3% preferred stock outstanding, and 25,000 shares of $2 par common stock outstanding. The preferred stock is cumulative and no dividends have been paid for the past two years. If the company wishes to distribute $2 per share to the common stockholders, what is the total amount of dividends that must be paid in the current year?
a. $2,250 b. $50,000 c. $50,750 d. $52,250
Members of a surgical team must carefully coordinate their tasks so that the procedure occurs in the right order. Which of the following best describes members of surgical teams?
A. high degree of interdependence B. high degree of attraction C. low degree of attraction D. low degree of interdependence
Which facility layout is associated with a set assembly line manufacturing?
a. cellular b. process c. fixed-position d. product
The manager of NRG Beverage Company is revamping a product's label to carry a better product image to help the consumer recognize it quickly. He is focusing on the ________ requirements of labeling.
A. legislative B. marketing C. legal D. industry E. consumer