People buy expectations, not products, according to Ted Levitt, author of The Marketing Imagination
Indicate whether the statement is true or false
TRUE
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Gross pay is the total amount of salary, wages, commissions, and bonuses earned by an employee during a pay period, after taxes or any other deductions
Indicate whether the statement is true or false
Which of the following statements is true of the impact of tax on the cost of capital of a firm??
A. ?All else being equal, an increase in the corporate tax rate results in a decrease in the weighted average cost of capital. B. ?The before-tax cost of debt is the cheapest component of the cost of capital since the tax paid is a deductible expense. C. ?The before-tax cost of debt is always less than the after-tax cost of debt of a firm. D. ?The tax paid on dividends of preferred stock reduces the amount of funds that the firm can use for financing capital budgeting projects. E. ?All else being equal, an increase in the equity capital that a firm raises by retaining earnings results in in the increase in the tax rate applicable to the firm.
Sergio makes a gift of a check to Todd who takes it in good faith and without notice of any claim, defense, or defect. With respect to this check, Todd is A) none of the choices
B) an assignee. C) an ordinary holder. D) an ordinary holder in due course.
If the cash flows of an accepted investment project are negatively correlated with the average cash
flow of the firm's existing assets, then the company's total exposure to risk can decrease. Indicate whether the statement is true or false