The ultimate control of the corporation rests with the ________
A) board of directors
B) stockholders
C) chairperson
D) chief operating officer
B
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Ingram Dog Kennels had the following financial statistics for 2012: Long-term debt (average rate of interest is 8%) $400,000 Interest expense 35,000 Net income 48,000 Income tax 46,000 Operating income 107,000 What is the times interest earned for 2012?
a. 11.4 times b. 3.3 times c. 3.1 times d. 3.7 times e. None of the answers are correct.
What does the venture capital firm look at when determining whether to fund your venture?
a. Management team b. Size c. Growth d. All of the above
Which of the following is correct with regard to the doctrine of respondeat superior?
a. It is a form of liability without fault. b. It ordinarily holds an employer liable for the acts of both employees and independent contractors. c. The liability of the principal under the doctrine is vicarious and depends upon proof of wrongdoing by the employee within the scope of employment. d. It is a form of liability without fault and the liability of the principal under the doctrine is vicarious and depends upon proof of wrongdoing by the employee within the scope of employment.
GAT, Inc. has issued a $1,000 par 4% annual coupon bond that is to mature in 18 years. If your required rate of
return is 6.5%, what price would you be willing to pay for the bond? What will be an ideal response?