A certain chicken company decides that it will become the market leader in the poultry business in five years with a 40 percent share of the market. This statement would be classified as a(n)
A. objective.
B. mission.
C. strategy.
D. operational plan.
E. goal.
Answer: E
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A transaction has been recorded in the T-accounts of Horowitz Corporation as follows:Cash25,000 Common Stock 25,000Which of the following reflects how this event affects the company's financial statements? Asset=Liab.+Stk.EquityRev.-Exp.=Net Inc.Stmt ofCash FlowsA.+=++NANA-NA=NA+FAB.+=NA++NA-NA=NA+FAC.-=NA+---NA=-+OAD.-=-+NANA-+=--IA
A. Option A B. Option B C. Option C D. Option D
The determination of the quantitative or qualitative value of the risks in a project best defines
A) risk assessment. B) risk probability. C) risk investigation. D) risk feasibility.
Which of the following is true about 401(k) retirement plans?
A) All 401(k) plans are cafeteria plans. B) 401(k) plans are exempt from all payroll taxes. C) 401(k) plans always reduce income tax liability. D) 401(k) plans are usually subject to FICA taxes.
[Skateboard Growth] Both Tyler and Byron were presidents of small corporations involved with manufacturing and selling skateboards. Tyler's store was called "Thrasher Skateboard" and Byron's business was called "Skateboard for Health." Because a large sports store was coming into town, they, along with the boards of directors of the two companies and all shareholders, decided that it would be a good idea to combine the businesses. They decided to retain the name "Skateboard for Health." However, Tyler was concerned with the change because, on behalf of his company, he was contemplating filing a lawsuit against Sean who had purchased 10 custom skateboards and had not paid for them. He was excited, however, about the prospect of not being liable for a lawsuit he expects to be filed by Alec
who fell and sustained a serious ankle sprain and medical bills when a wheel came off of a skateboard sold by Tyler's corporation. After investigation, Tyler is aware that the wheel was negligently attached to the skateboard. Tyler told Byron that one reason he wanted to retain Byron's name was to prevent Alec from being able to recover against him.In most states, which of the following is true regarding Tyler's concern that Sean could not be sued for the price of the skateboards? A. Sean can be sued only if Sean purchased the skateboards within 30 days of the joining of the businesses. B. Sean cannot be sued if Sean purchased the skateboards within 30 days of the joining of the businesses. C. The right to sue Sean would not be lost by the joining of the corporations. D. Sean cannot be sued unless Sean approves in writing the joining of the businesses. E. Sean can be sued only if Sean is notified by certified letter of the joining of the businesses.