Clark Company purchased 40% of Irene Company's stock for $125,000 on January 1. On May 20 of the same year, Irene Company declared total cash dividends of $30,000. At year-end, Irene Company reported net income of $150,000. The balance in Clark Company's Long-Term Investment in Irene Company as of December 31 should be:

Under the UCC Secured Transactions Article, if a debtor is in default under a payment obligation secured by goods, the secured party has the right to

-Peacefully repossess the goods without judicial process -Reduce the claim to a judgement -Sell the goods and apply the proceeds toward the debt A. Yes, Yes, Yes B. No, Yes, Yes C. Yes, Yes, No D. Yes, No, Yes

A product-management organization ________

A) often proves to be cost-effective B) simplifies the process of developing a national strategy C) focuses on building market share rather than customer relationships D) reduces an organization's staffing requirements E) allows product managers to achieve functional expertise