Which of the following is true of a shareholder voting agreement?
A) It is an agreement between the board of directors and a shareholder.
B) It has a limited duration of 10 months.
C) It does not have to be filed with the corporation.
D) It is always revocable.
C
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The following budget data pertain to the Machining Department of Yolkenverst Co.:
ourFixed factory overhead$433,500 The company prepared the budget at 85% of the maximum capacity level. The department uses machine hours as the basis for applying standard factory overhead costs to production. The budgeted total factory overhead for the Machining Department, rounded to the nearest dollar, is:
California Retailing Inc. has sales of $4,000,000; the firm's cost of goods sold is $2,500,000; and its
total operating expenses are $600,000. What is California Retailing's EBIT? A) $900,000 B) $1,300,000 C) $850,000 D) $875,000