The Sherman Act applies only to "trade or commerce" within a state, between the states, or with foreign nations
a. True
b. False
Indicate whether the statement is true or false
False
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On June 1, 20xx, Sterling Corporation had 40,000 shares of $10 par value common stock outstanding. On June 2, 20xx, Sterling declared a 40 percent stock dividend to be distributed on July 5, 20xx, to shareholders of record on June 15, 20xx. What amount of retained earnings should be transferred to contributed capital because of this dividend?
a. None b. Par value per share multiplied by the number of dividend shares c. Market value of the stock at the date of distribution multiplied by the number of dividend shares d. Market value of the stock at the date of declaration multiplied by the number of dividend shares
The difference between cost variances and efficiency variances pertains to ________
A) the difference between the static budget and actual results B) the difference between the flexible budget and actual results C) the difference between the flexible budget and the static budget D) the difference between the static budget and the previous year's actual results
Which of the following is a strategy used by companies with a reputation for superior marketing?
A. Low customer engagement B. Uniform pricing for all products C. Attention to packaging D. Waging price wars with competitors
Worcester Corporation has a P/E ratio of 15. Natick Corporation is in the same industry as Worcester, but has a P/E ratio of 20. Possible interpretations of this discrepancy include
A) Worcester Corporation is overpriced. B) Natick Corporation has higher earnings per share. C) Investors expect Natick to grow faster than Worcester. D) Natick's stock price is higher than Worcester's.