Which of the following is an exception to the suretyship provision requirement under the statute of frauds?
a. A collateral promise made to the creditor.
b. A promise, the leading object of which is to obtain an economic benefit for oneself.
c. A collateral promise where there are three parties and two contracts involved.
d. A promise by an executor to pay the debts of the decedent from the executor's own funds.
b
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All of the following are issues that NFP managers must manage, EXCEPT:
A. Liquidity B. Solvency C. Efficiency D. Profitability E. Capacity
Dryden, Corp. has 500,000 shares of common stock outstanding, a P/E ratio of 11, and $900,000 earnings
available for common stockholders. The board of directors has just voted a 5:2 stock split. a. If you had 100 shares of stock before the split, how many shares will you have after the split? b. What was the total value of your investment in Dryden stock before the split? c. What should be the total value of your investment in Dryden stock after the split? d. In view of your answers to (b) and (c) above, why would a firm's management want to have a stock split?