The social contract requires people to act in the way that everyone would agree is "the right thing to do."
Indicate whether the statement is true or false
True
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Many organizations will provide ______ insurance policies to provide for survivors of an employee who dies while employed by the company.
A. individual term life B. Social Security C. group term life D. workers’ compensation
Climax Motors Inc is currently all equity financed, but it is considering a leveraged capital structure, details of which are presented in the table below (under the column labeled 'Proposed')
Under the proposed capital structure, Climax will use all of the new debt to repurchase (and cancel) shares. Assume that taxes are zero. Assume that all of net income is paid out as a dividend in one year's time. Assume that the debt is perpetual with an annual coupon rate of 6%. Wolfgang von Trips owns 25,000 shares. Under each capital structure, how much does Wolfgang receive in dividends at the end of each year? Assume that Wolfgang has the same number of shares under both structures. Capital Structure Capital Structure Current Proposed EBIT $120,000 $120,000 Debt, D $0 $450,000 Cost of Debt, kd N/A 6% Shares Outstanding 100,000 70,000 Stock Price $15.00 $15.00 A) Current: $30,000; Proposed: $30,000 B) Current: $30,000; Proposed: $23,250 C) Current: $30,000; Proposed: $42,857 D) Current: $30,000; Proposed: $33,214 E) Current: $30,000; Proposed: $27,684
Along with its Macintosh computer line, Apple markets its iPod, iPhone, and AppleTV products. This is an abbreviated listing of the company's:
A. customer mix B. product line C. product mix D. line depth E. product modification
Kestner Corporation has provided the following financial data: Year 2Year 1Accounts receivable, net$195,000 $200,000 Inventory$97,000 $100,000 Total assets$1,432,000 $1,410,000 Sales (all on account)$1,360,000 Cost of goods sold$870,000 Required:a. What is the company's accounts receivable turnover for Year 2?b. What is the company's average collection period for Year 2?c. What is the company's inventory turnover for Year 2?d. What is the company's average sale period for Year 2?e. What is the company's operating cycle for Year 2?f. What is the company's total asset turnover for Year 2?
What will be an ideal response?