Acme Widget,Inc

question 89

Multiple Choice

Acme Widget,Inc.has 1,000 shareholders who own a total of two million shares of its common stock.The company earned $20 million after taxes and paid out $8 million in dividends.The company has assets of $250 million and liabilities of $50 million.What is the book value per share?

• A)$2
• B)$8
• C)$20
• D)$100
• E)$250

Analyze the enforceability of contracts based on the intention of the parties and statutory requirements.

Identify circumstances under which a contract can be deemed void or unenforceable.

Understand the legal capacity required to enter into contracts and the exceptions based on age, mental condition, and status.

Explore the consequences of contracting under illegal terms or with parties lacking legal capacity.

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Definitions:

Legislators

Elected officials responsible for making or amending laws within a government.

Food, Conservation, And Energy Act

A comprehensive farm bill that covers policies affecting food production, conservation measures, and energy consumption.

Wheat

A cereal grain that is a worldwide staple food, used for making products like bread, pasta, and pastry.

Direct Payments

Cash subsidies paid to farmers based on past production levels; a permanent transfer payment unaffected by current crop prices and current production.