Under most state statutes, a corporation may
a. include in its charter a provision indemnifying directors unless they have engaged in intentional misconduct or bad faith.
b. include in its charter a provision indemnifying directors under any circumstances in the conduct of their duties for the corporation.
c. not include in its charter a provision indemnifying directors who engage in negligent conduct of their duties.
d. not include in its charter any provisions regarding indemnification of directors.
a
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Pettijohn Inc.The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.
Balance Sheet (Millions of $) Assets2016 Cash and securities$ 1,554.0 Accounts receivable9,660.0 Inventories 13,440.0 Total current assets$24,654.0 Net plant and equipment 17,346.0 Total assets$42,000.0 Liabilities and Equity Accounts payable$ 7,980.0 Notes payable5,880.0 Accruals 4,620.0 Total current liabilities$18,480.0 Long-term bonds 10,920.0 Total liabilities$29,400.0 Common stock3,360.0 Retained earnings 9,240.0 Total common equity$12,600.0 Total liabilities and equity$42,000.0 Income Statement (Millions of $)2016 Net sales$58,800.0 Operating costs except depr'n$55,274.0 Depreciation$ 1,029.0 Earnings bef int and taxes (EBIT)$ 2,497.0 Less interest 1,050.0 Earnings before taxes (EBT)$ 1,447.0 Taxes$ 314.0 Net income$ 1,133.0 Other data: Shares outstanding (millions)175.00 Common dividends$ 509.83 Int rate on notes payable & L-T bonds6.25% Federal plus state income tax rate21.7% Year-end stock price$77.69 Refer to the data for Pettijohn Inc. What is the firm's equity multiplier? A. 3.33 B. 3.50 C. 3.68 D. 3.86 E. 4.05
What four factors are required for marketing to occur?
What will be an ideal response?
Which of the following is not true regarding Chinese individuals and conflict?
A. Well-managed conflict contributes significantly to successful leadership in China. B. Chinese are more competitive and individualistic. C. Chinese are more likely to value harmony over discord. D. Chinese place an emphasis on openness and collaboration.
Time management involves controlling attitudes and emotions at times during the work day
Indicate whether the statement is true or false.