The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 30,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?

Which of the following is the most logical reason that an organization would rely heavily on personal selling?

A) to make more cost-efficient use of the promotional mix B) to move the focus away from developing customer relationships C) to better service many small customers D) to more effectively sell highly technical products E) to decrease marketing mix expenditures

Dan plans to fund his individual retirement account (IRA) with the maximum contribution of $2,000 at the end of each year for the next 10 years. If Dan can earn 10 percent on his contributions, how much will he have at the end of the tenth year?

A) $12,290 B) $20,000 C) $31,874 D) $51,880