Although erroneous code is often more localized than defective design, errors in coding are more costly to correct than errors in design
Indicate whether the statement is true or false
FALSE
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What is the marketing return on sales (marketing ROS) for a product line that generates $40 million in sales revenues with a net marketing contribution of $32 million?
A) 75% B) 80% C) 100% D) 125% E) 150%
Island Company has 1,000,000 shares of common stock authorized with a par value of $3 per share of which 600,000 shares are outstanding. Island authorized a stock dividend when the market value was $8 per share, entitling its stockholders to one additional share for each share held. The par value of the stock was not changed. Assuming the declaration is not recorded separately, what entry, if
any, should Island make to record distribution of the stock dividend? a. Retained Earnings........... 4,800,000 Common Stock.............. 1,800,000 Gain on Stock Dividends... 3,000,000 b. Retained Earnings........... 1,800,000 Common Stock.............. 1,800,000 c. Retained Earnings........... 4,800,000 Common Stock.............. 1,800,000 Paid-In Capital from Stock Dividends 3,000,000 d. Memorandum entry noting the number of additional shares issued as a dividend
Why is theory important?
a. Because universities teach it b. It provides patterned, coherent knowledge, evidentially testable c. It aligns members’ behavior to the objective of the organization d. All of the above
Discuss how a corporation is terminated. Identify four circumstances that might persuade a court to pierce the corporate veil