When one company purchases less than 50% of equity securities in a second company, which of the following statements is true?

a. The purchaser is referred to as the parent.
b. The purchaser is referred to as the subsidiary.
c. The company whose securities are purchased is the subsidiary.
d. The company whose securities are purchased is the investee.

d

Business

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For Wickham Co., sales is $2,000,000, fixed expenses are $600,000, and the contribution margin ratio is 36%. What is required sales in dollars to earn a target net income of $400,000?

a. $1,111,111 b. $1,666,666 c. $2,777,778 d. $5,555,556

Business

Gerome has planned a distance presentation for new employees in his company's six locations. Since he has not previously met the participants in person, he should schedule a conference call with the participants to establish rapport prior to the distance presentation

Indicate whether the statement is true or false

Business