Junk bonds are a financing option through which risky acquisitions are financed with debt that provides a large potential return to bondholders.
Answer the following statement true (T) or false (F)
True
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The document that records the total amount of time spent on a production job is the
a. time card b. job ticket c. labor distribution summary d. personnel action form
Answer the following statements true (T) or false (F)
1. With the trend of participative management, managers are using less self-leadership. 2. Peer pressure is associated with clan control. 3. The difference between pro forma statements and financial statements is that pro forma statements report past results while the financial statements project future results. 4. If a company desires to raise capital without selling any ownership in the company, then they should sell stocks rather than bonds.
A venture capital investment group received a proposal from Wireless Solutions to produce a new smart phone. The variable cost per unit is estimated at $250, the sales price would be set at twice the VC/unit, fixed costs are estimated at $750,000, and the investors will put up the funds if the project is likely to have an operating income of $500,000 or more. What sales volume would be required in order to meet this profit goal?
A. 4,513 B. 4,750 C. 5,000 D. 5,250 E. 5,513
When a U.S. company makes a credit sale to an international customer and the sale terms are for payment in a foreign currency, the foreign exchange rate used to record the sale is the exchange rate:
A. Thirty days from the date of sale. B. At the end of the seller's fiscal year. C. At the end of the buyer's fiscal year. D. On the date of the sale. E. On the date final payment is made.