The Revised Act, the 1980 Amendments to the MBCA, and over half of the states have eliminated the concept of:
a. par value.
b. stated capital.
c. capital surplus.
d. All of these.
d
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Costco's surprise offerings of seconds, overstocks, and closeouts—occasionally including diamonds—is an example of how a retailer can differentiate itself through its ________
A) merchandise mix B) services mix C) destination retailing D) store atmosphere E) level of service
J. J. Johnson has decided to supplement his income by selling beehives. He expects to sell 25,000 hives in 2010 . He ended 2009 with 2,500 completed hives in inventory and would like to complete operations in 2010 with at least 2,800 completed hives in inventory. There is no ending work in process inventory. One beehive holds about 250 bees. The bees are purchased for $4.00 per 1,000 bees. The
hives sell for $15.00 each. What would be the yearly total on the direct materials purchases budget for bee purchases? (Assume for this question that 40,000 beehives will be produced.) a. $44,000 b. $16,000 c. $64,000 d. $40,000
Good marketing communications can speed the demise of a poor product
Indicate whether the statement is true or false
Which one of the following measurement bases applies to receivables?
a. Historical cost b. An approximation of net realizable value c. Selling price through factoring d. Discounted present value