Bay city merchants corporation has six shareholders, four of whom are members of the same family. all of bay city's shareholders agree in writing to operate without shareholders' meetings. under the revised model business corporation act, this most likely warrants
a. no penalties or sanctions.
b. the imposition of a fine on bay city.
c. the imprisonment of bay city's shareholders.
d. the piercing of bay city's corporate veil.

Each month, business today publishes a news piece about an innovative product, service, or business. such soft news is generally written by a freelance business writer and is known as a

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You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400