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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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Brevard Company uses the weighted-average method in its process costing system. The Packaging Department started the month with
kipiarov [429]

Answer:

For conversion costs, the equivalent units of production are 1,610 units. The right answer is B

Explanation:

According to the given data we have the following:

begging work in progress = 280  units

units started=1450 units

Therefore, total input= 280  units + 1450 units

Total input = 1730  units

There is end work in process of 120 units

Therefore, the equivalent units of production are=Total input-end work in process

The equivalent units of production=1,730 units-120 units

The equivalent units of production=1,610 units

For conversion costs, the equivalent units of production are 1,610 units

4 0
3 years ago
Information regarding income levels, education, occupations, and ethnic groups in your target market is call, a.secondary resear
enyata [817]
<span>b. product-base research i hope i help out</span><span />
3 0
3 years ago
Read 2 more answers
Steve Wilson wants to deposit $150 per month into an account earning 4 percent for the next 3 years, so he can purchase a used c
Lelu [443]

Answer:

E

Explanation:

Future value of an annuity is a method used to calculate the value of a recurring payments in the future.It involves the principal payment , a specific timeline and also interest or discount rate.

Assuming the rate of discount or interest do not change , it can help to accurately predict the value of a future payment or saving.

The interest or discount rate is factored into the present value of the annuity in order to derive the future value.

5 0
3 years ago
An ad in the newspaper claims that the price of milk will increase next week. At the same time, a new and improved pasteurizatio
Pepsi [2]

Equilibrium quantity will increase; the effect on price is ambiguous.

<h3><u>Explanation:</u></h3>

When there is a situation in which the supply and the demand for any product is equal then it is said to be Equilibrium quantity. When there is an intersection where the supply and demand curves meets each other it give rise to the state of equilibrium.

In the given example, there are two cases such as the price of the milk will rise which is published in newspaper and the production efficiency of the milk is improved with a new and improved pasteurization process. From these two effects we can conclude that Equilibrium quantity will increase; the effect on price is ambiguous.

5 0
2 years ago
Department heads at St. Claire Machine Works, a $5 million metal fabricating company with operations in four states, are meeting
Zolol [24]

Answer:

<em>a. planning</em>

Explanation:

<em>St. Claire heads of the department are involved in </em>planning<em>, there are no evidence for this. </em>

Because planning is something to make a strategy to do some activity with a particular team or group.

<em>They are just setting few goals and motivating there employees and workers and comparing the outcome with original goal that was set. So this is the proof that they were not involved in planning.</em>

4 0
3 years ago
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