The Ajax Corporation issues bonds that pay a minimum of 6% interest but that can pay more if corporate earnings reach certain specified levels. The holder of the bond may exchange it for stock of the corporation. This bond would be a:
a. callable income bond.
b. convertible participating bond.
c. convertible unsecured bond.
d. convertible secured bond.
b
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Which of the following is a technique for achieving coherence?
a. Repeat your main idea in each paragraph. b. Use more adjectives than adverbs. c. Use connecting words. d. Use passive voice.
Holly is a business consultant who assists new companies in writing business plans. What type of manufacturing operation would Holly's business be considered and what are important characteristics for operational success?
What will be an ideal response?
Fundamentally, a labor union is a group of workers who join together to influence the nature of their employment.
Answer the following statement true (T) or false (F)
Which of the following statements regarding the dividends and/or the dividends received deduction (DRD) is true?
A. Dividends are taxed at preferential rates for corporations as well as for individuals. B. The DRD allows corporations to deduct the amount of dividends that they distribute. C. The DRD can increase the net operating loss of a corporation. D. Corporations are allowed to deduct from a dividend received the product of the dividend and the percentage of the receiving corporation's ownership in the distributing corporation's stock.