What is a proxy? Briefly explain the importance of a proxy solicitation and a proxy statement.
What will be an ideal response?
A proxy is a form signed by a stockholder giving someone else the legal authority to vote the shareholders' stock at a corporation's stockholders' meeting. A proxy solicitation is a request by management for a signed proxy for an authorized vote of anyone unable to attend the annual meeting to encourage a voting quorum at the stockholders' meeting. A proxy statement is important because it accompanies the solicitation for a stockholder's vote and includes information regarding all matters that are to be voted upon at the stockholders' meeting.
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On December 31, 2016, Jerry's, Inc borrowed $500,000 by signing a five-year, 8% note payable
The note is payable in five yearly installments of $100,000 plus interest, due at the end of every year beginning on December 31, 2017. What amount represents the current portion of Long-term Notes Payable at December 31, 2016? What will be an ideal response
Directors are entitled to use confidential corporate information for their personal advantage.
Answer the following statement true (T) or false (F)
Transactional channel functions include all of the following activities EXCEPT:
A. contacting buyers B. promoting the products to be sold C. taking the risks associated with product inventories D. negotiating the sale E. physical distribution and sorting
After correcting the 2NF violation, the primary keys would act as
A) non-key fields. B) concatenations. C) foreign keys. D) determinants.