Sharon entered into a preincorporation share subscription agreement on January 1,2006.The corporation was formed on February 1,2006.What is the status of this agreement on March 1,2006,under the Model Business Corporation Act?

A) It is binding only if Sharon has already paid for the shares.
B) It is binding even if Sharon has not already paid for the shares.
C) It is not binding because the corporation did not exist on January 1,2006.
D) It is not binding unless Sharon ratifies the agreement after the corporation has been formed.

BrightenUp Corp. uses a set of quantitative tools to assess employee data such as performance, compensation, designations, and benefits. This is done to arrive at decisions based on accurate findings from analyses that can help the firm achieve its goals. BrightenUp is engaging in the practice of

A) training and development.
B) job design.
C) employee relations.
D) talent management.
E) workforce analytics.

Refer to Figure 10.3. If labor supply is given by S₁ and the firm is using K₁ units of capital, this firm should hire ________ units of labor to maximize profit.

A) I₀
B) I₁
C) I₂
D) I₃

All paid tax preparers must follow the rules provided in Circular 230.

Return on investment can be split into which of the following two measures?

A) Investment center income and profit margin.
B) Profit margin and net income.
C) Investment center average assets and investment turnover.
D) Residual income and operating income.
E) Profit margin and investment turnover.

Emmet Co.'s records reveal the following data at year-end:
$\begin{array}{ll}\text{ Commercial paper maturing in four months }& \$1,200\\ \text{ Uncashed tax refund check }& 550\\ \text{ Petty cash }& 100\\ \text{ Certificates of deposit }& 1,000\\ \text{ Balance in Union Savings and Loan savings account }& 2,500\\ \text{ Postage }& 50\\ \text{ Balance in United Bank checking account }& (250)\\ \text{ Treasury notes maturing in six months }& 2,200\\ \text{ Cash on hand }& 500\\ \text{ Postclated customer check }& 125\\ \text{ Employee travel advance }& 75\\ \text{ Treasury bill maturing in one month }& 2,500\end{array}$ Required:
Compute the correct amount of cash and cash equivalents that will appear as a current asset on Emmet Co.'s balance sheet.