A state legislature passed a law making the sale of fireworks illegal. At the time, Johnson Company had made an offer to sell fireworks to a large city in the state for its July 4th celebration. The effect of this law on Johnson Company's offer is
a. to automatically terminate the offer.
b. to act as a rejection of the offer by the offeree.
c. nonexistent.
d. to allow Johnson Company to sue for breach of contract.
A
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A _______ is a small group of people with complementary skills who are committed to a common purpose, performance goals, and approach for which they hold themselves mutually accountable.
A. quality circle B. group C. panel D. collaborative unit E. team
Beckman Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $160,000. The asset is expected to have a salvage value of $16,500 at the end of its five-year useful life. If the asset is depreciated on the double-declining-balance method, the asset's book value on December 31, Year 2 will be:
A. $34,560 B. $46,980 C. $144,000 D. $86,400 E. $31,320
Historical dividends for four companies are given in the following table:
a) Calculate the compound average annual growth rate of the dividend for each company. If you expect the dividend to grow at that rate in the future, what is the price at which you would be willing to buy these companies’ stocks?
b) Calculate the arithmetic average annual growth rate of the dividend for each company. If you expect the dividend to grow at that rate in the future, what is the price at which you would be willing to buy these companies’ stocks?
c) Use the TREND function to calculate the dividend growth rate of each company. If you expect the dividend to grow at that rate in the future, what is the price at which you would be willing to buy these companies’ stocks?
Which popular needs theory is defined as a pyramid of five levels of individual needs with physiological needs at the bottom and self-actualization needs at the top?
a. Maslow’s hierarchy of needs b. Alderfer’s ERG Theory c. Herzberg’s two-factor theory d. McClelland’s acquired needs theory