In an S corporation, the transfer of interest can occur:
A. only with the consent of the other shareholders.
B. only as long as the buyer is an individual.
C. depending on the agreement.
D. only if there is a charter provision for doing so.
Answer: B
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Which of the following statements about sales success is most likely true?
A. Successful salespeople often can avoid providing service to customers if they present a "nice guy" image. B. Stamina is not necessary for sales success. C. The successful salesperson is an individual who loves selling, finds it exciting, and is strongly convinced that the product being sold offers something of great value. D. For success in sales, it is more important to speak well than to listen well. E. A successful salesperson does not need to think strategically because that is the job of the sales manager.
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Elway Electronics has debt with a market value of $350,000, preferred stock with a market value of $150,000, and common stock with a market value of $450,000
If debt has a cost of 8%, preferred stock a cost of 10%, common stock a cost of 12%, and the firm has a tax rate of 30%, what is the WACC? A) 8.64% B) 9.12% C) 9.33% D) 9.46%