If a company offers additional considerations to convertible bondholders in order to encourage conversion, it is called a(an):
a. forced conversion.
b. sweetener.
c. additional conversion.
d. end conversion.
Ans: b. sweetener.
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Expenditures that add to the utility of fixed assets for more than one accounting period are
a. capital expenditures b. revenue expenditures c. utility expenditures d. committed expenditures
Which of the following does not describe the Toyota Production System (TPS)?
A) jidoka B) "just-in-time" C) fixed setup time D) built-in quality E) visualizing problems
Dickus Corporation's only product sells for $100 per unit. Its current sales are 35,600 units and its break-even sales are 29,192 units. Required: Compute the margin of safety in both dollars and as a percentage of sales.
What will be an ideal response?
Which of the following is a routine announcement?
A) Notifying customers about a change in policy B) Persuading a client to accept a new deadline C) Acknowledging that you have a meeting with your boss D) Notifying a customer that you will grant his claim for a refund E) Expressing concern when a coworker has experienced personal misfortune