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shepuryov [24]
3 years ago
14

A shareholder who was buying additional shares in Wayport, Inc., told the shareholder seller "he was not aware of any bluebirds

of happiness in the corporation's world." However, at the time the buyer made the statement he was aware that the CEO had informed the board via e-mail of a patent sale by Wayport that meant that the corporation would receive net proceeds of $7.6 million and would increase its year-end cash position by 22%. Which of the following statements is correct? a. The buyer has done nothing wrong unless he was the CEO or a member of the board. b. The statement was too general to constitute a basis for a 10(b) claim. c. The seller has a 10(b) claim against the buyer. d. The statement would need to contain numbers to be a material misrepresentation.
Business
1 answer:
aleksklad [387]3 years ago
7 0

Answer: C. The seller has a 10(b) claim against the buyer.

Explanation:

10(b) is a section within the Securities and Exchange Commission and are a common source of liability for public companies.

It makes it unlawful to use or employ in relation to the trading of shares or securities.

Over here the buyer made the statement that he was aware that the CEO informed the board via email of a patent sale by Wayport that meant that the corporation would receive net proceeds.

The buyer has unlawful means of source and therefore is thinking of buying additional shares. Buyer is violating the 10(b) section of the securities and exchange commission act.

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Answer: C. Farah wants to obtain her college degree in four years

A time bound goal has a specific, measurable time-frame within which a specific goal has to be achieved; it can also set as a specific target to be achieved at periodical intervals.

Amongst the options given, only option C has a specific, measurable and well-defined time frame within which a specific goal is set to realized.


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3 years ago
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D. disclose a liability and provide a range of outcomes.

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As there are 40% chances to the outcome that liability will occur, it is not nominal to be ignored. And therefore, it shall be shown in the balance sheet, as a note, with different possibilities and their expected results.

As the amount attached is huge and that the company shall not ignore such a coming liability, as if it do not happen, it can be reversed, and if it does the company shall be ready to have the liability in case of any default.

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3 years ago
What is the distinction between sales allowances and sales discounts?
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3 0
1 year ago
If the supply of a product decreases and the demand for that product simultaneously increases, then equilibrium: price must rise
MArishka [77]

Answer:

The correct answer is: price must rise, but equilibrium quantity may rise, fall, or remain unchanged.

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If the supply of a product decreases the supply curve will shift to the left. At the same time, if there is an increase in demand, the demand curve will move to the right. This simultaneous shift in both demand and supply will lead to an increase in the price of the product.  

The change in the quantity demanded will depend on the extent of change in demand and supply.

If both changes by the same proportion the equilibrium quantity will remain the same. If demand increases more than the decrease in supply the equilibrium quantity will increase. If the demand increases less than decrease in supply, the equilibrium quantity will fall.

8 0
3 years ago
Two goods are complements when a decrease in the price of one good a. decreases the quantity demanded of the other good. b. decr
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Answer: Option A

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