Which of the following statements is true of a corporation?
A) Shareholders can be required to pay debts of the corporation.
B) Shares of stock cannot be readily purchased and sold by investors on an organized stock exchange.
C) Shareholders are authorized to sign contracts or make business commitments on behalf of the corporation.
D) Corporations pay income tax on corporate earnings, and shareholders pay income tax on corporate dividends.
D
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Nina sent a letter to Adrian that stated she wanted to hire him to decorate the interiors of her house. She wrote that he must accept the offer by mail. Adrian received the letter and telephoned Nina to say that he accepted the offer. Which of the following statements is true in this case?
A. There is a valid acceptance and a binding contract because the telephone call was a faster means of acceptance than the mail. B. There is no acceptance and no contract in this situation as it is clearly mentioned by the offeror that the acceptance must be by mail. C. There is a valid acceptance and a binding contract because the telephone call was a reasonable means of acceptance. D. There is a valid acceptance and a binding contract because the telephone call was an authorized means of acceptance.
The terms dependent and independent are arbitrary designations and are customary to regression analysis
Indicate whether the statement is true or false
Variance analysis would be an appropriate way to measure performance in a
a. profit center b. investment center c. cost center d. all of the above
The amount by which the overhead applied to jobs during a period exceeds the overhead incurred during the period is known as:
A. Underapplied overhead. B. Overapplied overhead. C. Predetermined overhead. D. Estimated overhead. E. Adjusted overhead.