Kelly transfers shares of stock that she owns in Laundry Management Company to Max. A shareholders' meeting takes place before Max's ownership is entered in Laundry's stock book. A vote at the meeting can be cast by
A) Kelly and Max
B) Kelly only.
C) Max only.
D) neither Kelly nor Max.
B
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A market-penetration pricing strategy is most suitable when _______
A) a low price slows down market growth B) production and distribution costs fall with accumulated production experience C) a high price dissuades potential competitors from entering the market D) the market is characterized by inelastic demand E) a low price encourages actual competition
Which of the following is a "special circumstance" in which an oral contract may be enforceable under the UCC?
a. It is the first transaction between both parties who are not considered to be merchants. b. The contract is for goods in an amount of $750. c. The seller is specially manufacturing goods for the buyer and begins work on them before the buyer cancels the order. d. There are no special circumstances to the UCC; it deems that all contracts must be in writing.
There is no limit on the number of partners who can participate in a general partnership.
Answer the following statement true (T) or false (F)
A firm is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and not repeatable. The CEO wants to use the IRR criterion, while the CFO favors the NPV method. You were hired to advise the firm on the best procedure. If the wrong decision criterion is used, how much potential value would the firm lose? WACC: 6.75% 0 1 2 3 4 CFS -$1,025 $380 $380 $380 $380 CFL -$2,150 $765 $765 $765 $765
A. $214.44 B. $186.47 C. $218.17 D. $182.74 E. $220.03