A corporation must register as a _____ in every state in which it operates other than its state of incorporation

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• Mountain Teas wants to raise $14.9 million to open a new production facility. The company estimates the issue costs for legal and accounting fees will be $582,000. The underwriters have set the stock price at $27.50 a share and the underwriting spread at 8.15 percent. How many shares of stock must be sold to meet this cash need?
• Which one of the following statements is true regarding JIT inventory? A) It exists just in case something goes wrong. B) It hides variability. C) It is the minimum inventory necessary to keep a perfect system running. D) It is minimized with by large lot of production
• A machine cell consumes 200 pounds of material daily. Material is transported in 20-pound vats. The cycle time for the vats is approximately two hours. The manager has assigned an inefficiency factor of 0.08 to the cell. The plant operates for eight hours a day. How many vats are needed?
• How would a purchase $400 of inventory on credit affect the income statement? A. It would increase liabilities by $400. B. It would decrease liabilities by $400. C. It would increase noncash assets by $400. D. Both A and C E. None of the above
• A(n)_____problem is a problem in determining managerial accountability that arises when delegating authority to managers.a) self-dealing.b) organizational contract.c) line of command.d) agency.
• Your firm has $500 million of investor-supplied capital, its return on investors' capital (ROIC) is 15%, and it currently has no debt in its capital structure (i.e., wd = 0). The CFO is contemplating a recapitalization where it would issue debt at an after-tax cost of 10% and use the proceeds to buy back some of its common stock, such that the percentage of common equity in the capital structure (wc) is 1 - wd. If the company goes ahead with the recapitalization, its operating income, the size of the firm (i.e., total assets), total investor-supplied capital, and tax rate would remain unchanged. Which of the following is most likely to occur as a result of the recapitalization? The ROA would increase. The ROA would remain unchanged. The return on investors' capital would decline. The return on investors' capital would increase. The ROE would increase.
• Farmer and Taylor formed a partnership with capital contributions of $250,000 and $300,000, respectively. Their partnership agreement stipulates that Farmer will receive an annual salary of $80,000. Any remaining income or loss will be divided equally. Assuming the net income for the current year is $195,000, the journal entry to allocate net income would be as follows:
• An industry is defined as: a. firms producing items that sell through the same distribution channels. b. firms that sell the same products or services to the same customer base. c. a group of firms producing the same products or services. d. a group of firms producing products that are close substitutes.
• The beginning and ending balances of retained earnings for the year were $55,000 and $82,000, respectively. If dividend payments during the year were $8,000, determine the net income or net loss for the year.
• Walter Utilities is a dividend-paying company and is expected to pay an annual dividend of $1.25 at the end of the year. Its dividend is expected to grow at a constant rate of 6.00% per year. If Walter’s stock currently trades for $16.00 per share, what is the expected rate of return?