When the corporation is harmed by the actions of a third party, the directors can bring a lawsuit in the name of the corporation against that party.

a. true

b. false?

Activities which are profit-motivated, but do NOT require a relatively high level of involvement from the taxpayer are referred to as investmentactivities.

Many companies recognize three major categories of costs of manufacturing a product. These are direct materials, direct labor, and overhead.

A quasi-custom product: gets its apparent customization from the combinations available from a small number of modules. is often the output of repetitive focus facilities. is a valid description of a fast food sandwich. only applies in services.

A company produces 1,000 packages of cat food per month. The sales price is $4.00 per pack. Variable cost is $1.60 per unit, and fixed costs are $1,800 per month.

Book Value Fair Value Assets $ 400,000 $ 500,000 Liabilities 45,000 45,000 Net income 25,000 How much goodwill would be recorded if Torretta Holdings purchases Vikings, assuming its liabilities, for $635,000?

A treasury___is issued by the US government, and is considered very safe. The options are: A. bond B. Mutual fund C. Stock

Fast Auditors prepared audited financial statements for Mega Company's registration statement in compliance with the 1933 Securities Act. John bought stock in Mega Company.

After working for a few years to formulate just the right Greek yogurt product, Chobani decided it eventually wanted to mass-market through grocery stores.

Name 3 elastic materials.

Sasha is an agent for ABC Insurance Company. Under her agent contract, she is allowed to use the company's logo on her office door and on her business cards. What authority type does this illustrate?