Answer the following statements true (T) or false (F)
Predicting future legal changes that have not yet been enacted should be a major consideration in the recognition of future events.
ANSWER: F
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Use the decision rule for payback to rank the projects from most desirable to least desirable, all else being equal.
Carolina Logistics, Inc. is considering three investment opportunities with the following payback periods:
A) Y, Z, X
B) X, Y, Z
C) Z, Y, X
D) Y, X, Z
Suppose the debt ratio is 50%, the interest rate on new debt is 8%, the current cost of equity is 16%, and the tax rate is 40%. An increase in the debt ratio to 60% would have to decrease the weighted average cost of capital (WACC).
Answer the following statement true (T) or false (F)
Frank owns GuestHouse Hotel. His ownership rights include the right to sell or give away the property without restriction, as well as the right to commit waste, if he chooses. Frank's ownership interest is A) a fee simple absolute
B) a profit. C) a life estate. D) the power of eminent domain.
Which of the following statements is FALSE?
A. Effective implementation means that plans work as intended. B. Implementation ignores external matters. C. Good implementation builds relationships with customers. D. Implementation is especially critical in mature and highly competitive markets. E. Implementation has its own objectives.