In a dual-class recapitalization (or ‘recap'), a firm
a. creates two classes of managers—operational and financial.
b. establishes two classes of securities—debt and equity.
c. establishes two classes of debt securities—senior and subordinated.
d. creates a second class of common stock that has limited voting rights and generally a preferential claim to the firm's cash flows.
D
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Juniper Company uses a perpetual inventory system and the gross method of accounting for purchases. The company purchased $9,750 of merchandise on August 7 with terms 1/10, n/30. On August 11, it returned $1,500 worth of merchandise. On August 16, it paid the full amount due. The amount of the cash paid on August 16 equals:
A. $8,250.00. B. $8,152.50. C. $9,652.50. D. $8,167.50. E. $9,750.00.
A newly-hired salesperson, Jun-Hee Kim, is taking over the sales territory of Arvin Vasquez, a salesperson for her company who is moving out of the area
Arvin left detailed notes on the clients he'd made contact within the CRM system, so Jun-Hee is reviewing these notes. Jun-Hee reads the following about Bob Costello: "Bob is super-friendly and outgoing. He loves to deep-sea fish and goes on three trips a year to fish in the Caribbean. His wife is Carol and his kids are Taylor (4th grade) and Jordan (6th grade) (both girls). Bob's buying focus is durability and price, and he expects a relationship with a trustworthy sales rep. Bob can be impatient and doesn't like to waste time during meetings. He tends to maintain control and set the agenda." Based on this summary, what communications style does Bob Costello most likely have? A) sociable B) directive C) emotive D) supportive E) reflective
On December 31, Strike Company has decided to trade-in one of its batting cages for another one that has a cost of $500,000. The seller of the batting cage is willing to allow a trade-in amount of $40,000. The initial cost of the old equipment was $225,000 with an accumulated depreciation of $195,000. Depreciation has been taken up to the end of the year. The difference will be paid in cash. What
is the amount of the gain or loss on this transaction? A) The gain will not be recognized and will be added to the price of the old equipment. B) The gain will not be recognized and will be added to the price of the new equipment C) The gain will not be recognized and will be subtracted from the price of the old equipment D) The gain will not be recognized and will be subtracted from the price of the new equipment.
Which of the following is NOT a quality organization?
a. the International Organization for Standardization (ISO) b. the American National Standards Institute (ANSI) c. the American Society for Quality (ASQ) d. the United Nations