Statutes of many states will shorten the time for valid post-dissolution claims if the dissolving corporation
A. sends written notice to all known creditors and publishes notice in a legal newspaper.
B. holds a meeting of creditors.
C. files a notice to creditors with the secretary of state.
D. sends notice to all shareholders.
A. sends written notice to all known creditors and publishes notice in a legal newspaper.
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Cement Company, Inc. began the first quarter with 1,000 units of inventory costing $25 per unit. During the first quarter, 3,000 units were purchased at a cost of $40 per unit, and sales of 3,400 units at $65 per units were made. During the second quarter, the company expects to replace the units of beginning inventory sold at a cost of $45 per unit. Cement Company uses the LIFO method to account for inventory.The amount of gross profit for the first quarter is:
A. $250,000 B. $90,000 C. $221,000 D. $83,000 E. $87,000
Which of the following sentences uses bias-free language?
A) Two firemen will collect the toy donations. B) Every flight attendant must submit her security clearance card before boarding. C) All managers and their wives are invited to Friday's cocktail party. D) The servers at Cafe Divine are always professional.
Which of the following describes a firewall?
A) a malicious program that enters program code or destroys data without authorization B) when two or more people cooperate together to defraud a company C) a technique for protecting data D) when a company defrauds its suppliers by making false claims
Jackson Manufacturers has provided the following information regarding the two products that it sells
Jet Boats Ski Boats Sales price per unit $10,000 $24,000 Variable cost per unit $4,800 $18,000 Annual fixed costs are $300,000. How many units must be sold in order for Jackson to break even, assuming that Jackson sells five jet boats for every two ski boats sold? (Round any intermediate calculations to two decimal places, and your final answer to the nearest unit.) A) 7 jet boats and 8 ski boats B) 39 jet boats and 16 ski boats C) 16 jet boats and 39 ski boats D) 8 jet boats and 7 ski boats