Repurchases and special dividends are useful for making ________ and ________ distributions to shareholders
A) small, frequent
B) small, infrequent
C) large, infrequent
D) large, frequent
Answer: C
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Under normal circumstances, the weighted average cost of capital (WACC) is used as the firm's required rate of return because:
A. as long as the firm's investments earn returns greater than its WACC, the value of the firm will not decrease. B. any returns less than the WACC will cover the fixed costs associated with the capital and provide excess returns to the firm's stockholders. C. it is the average of all the interest rates on the firm's existing debt. D. it is an indication of the returns the firm expects to earn in the future from investing in capital budgeting projects. E. it represents the average return the firm currently earns on the funds it has invested in assets.
______ refer to the occupied cells in the initial solution of the transportation matrix, which are used in arriving at an improved solution.
a. Stepping stones b. Reference cells c. Variable cells d. Improvement matrix methods
Baylor obtains a loan from City Bank at 4.5 percent interest. Their state’s usury statute limits interest rates to a 3.5 percent maximum. Baylor’s contract with the bank is enforceable only if
a. ?the bank does not attempt to disaffirm it. b. ?both Baylor and the bank knew of the state limit. c. ?none of the choices. d. ?Baylor does not attempt to disaffirm it
To avoid a contract, an intoxicated person's judgment must be proved to have been so severely impaired that he or she could not comprehend the legal consequences of entering into a contract
Indicate whether the statement is true or false