Nick and Jamie own stock in Chromex Industries, a watch manufacturer. In 2015, Nick received dividend at the rate of 2 percent, whereas Jamie received dividend at the rate of 0.5 percent. In this scenario, which type of stock did Nick own?

There were 10,000 shares issued and outstanding before T-ball, Inc., decided to buy back some of its own stock to have on hand for end-of-year bonuses. It buys 200 shares at $30 per share. What happens to SE?

A. 0 No Effect B. (10,000) Treasury Stock C. (6,000) Treasury Stock D. 10,000 Common Stock; (10,000) Treasury Stock E. 6,000 Common Stock; (6,000) Treasury Stock F. (10,000) Cash G. (6,000) Cash H. 6,000 Cash

Which of the following is an example of a performance objective a sales manager might set for his sales force?

A) Each salesperson must call on three new prospects each week. B) Each salesperson should belong to a community service organization. C) Each salesperson should have at least $400,000 in net sales annually. D) Each salesperson must get at least one referral from each customer. E) Each salesperson must make a follow-up call within 48 hours of a sale.