When a corporation issues bonds, it executes a contract with the bondholders, known as a bond debenture
a. True
b. False
Indicate whether the statement is true or false
False
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In _______, based upon knowledge of their own costs, supplier managers add some percentage onto those costs to arrive at the market offering price
a. cost-plus pricing b. competition-based pricing c. value-based pricing d. skimming pricing
The total payroll of a business is usually significant for all the reasons below except
A) employees are sensitive to payroll errors and irregularities B) payroll is subject to various federal and state regulations C) businesses find it difficult to develop and maintain good internal controls on the payroll system D) payroll and related payroll taxes have a significant effect on the net income of most businesses
As a consequence of forming the European Union (EU), a EU central bank equivalent to the U.S
Federal Reserve Board was established. Indicate whether the statement is true or false
Daniel Sawyer, the CEO of the Sawyer Group, is initiating planning for the company's operations next year, and he wants you to forecast the firm's additional funds needed (AFN). The firm is operating at full capacity. Data for use in your forecast are shown below. Based on the AFN equation, what is the AFN for the coming year? Dollars are in millions. Last year's sales = S0$350 Last year's accounts payable$40 Sales growth rate = g30% Last year's notes payable$50 Last year's total assets = A0*$500 Last year's accruals$30 Last year's profit margin = PM5% Target payout ratio60%
A. $102.8 B. $108.2 C. $113.9 D. $119.9 E. $125.9