Neci and Olwen want to form and do business as a corporation—Pastries & PiesInc A corporation is a legal entity created and recognized by
a. a central federal administrative agency.
b. a city or county clerk's office.
c. an artificial legal person.
d. state law.
D
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Saab markets two luxury car models, both prized by drivers for their "quirkiness." About 30 percent of Saab's sales come from the USA, with most of the rest from Western Europe. Which strategy does Saab appear to be using?
A) country concentration/market segment concentration B) country diversification/market segment concentration C) country concentration/market segment diversification D) country diversification/market segment diversification E) none of the above
A(n) ________ is an enterprise having fewer than 500 employees, independently owned and operated, not dominant in its field, and not characterized by many innovative practices.
A. nonprofit organization B. entrepreneurial venture C. small business D. greenfield venture E. incubator
Which of the following statements is CORRECT?
A. An NPV profile graph shows how a project's payback varies as the cost of capital changes. B. The NPV profile graph for a normal project will generally have a positive (upward) slope as the life of the project increases. C. An NPV profile graph is designed to give decision makers an idea about how a project's risk varies with its life. D. An NPV profile graph is designed to give decision makers an idea about how a project's contribution to the firm's value varies with the cost of capital. E. We cannot draw a project's NPV profile unless we know the appropriate WACC for use in evaluating the project's NPV.
Multiple Part: The next 4 problems must be kept together; all use the data in Exhibit 20.1. ? Exhibit 20.1 ? The following data apply to Saunders Corporation's convertible bonds: Maturity13 Stock price $34.00 Par value $1,000 Conversion price $43.00Annual coupon 5.20% Straight-debt yield 9.80% Refer to Exhibit 20.1. What is the bond's conversion ratio?
A. 22.09 B. 23.26 C. 19.77 D. 17.44 E. 24.42