__________is a spontaneous financing granted by sellers when they deliver goods and services to customers without requiring immediate payment.
-trade credit
-a revolving credit agreement
-commercial paper
-a line of credit
-trade credit
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Which of the following is true of the engineering method of separating costs?
A) It is generally used to estimate the cost of activities and new products. B) It is sometimes called a time and motion study. C) It separates costs by performing a step-by-step analysis of various elements involved. D) All of these choices are correct.
The new hotel manager asked the chef, "Are you sure you know how to cook Beef Wellington?" Which of the service dimensions was the hotel manager expressing concern about?
A. assurance B. responsiveness C. tangibles D. empathy E. reliability
Rekall Inc., the memory implant company, has 7 million shares of common stock outstanding and 100,000 semi-annual bonds. The bonds have 6 years to maturity, a 9.05% coupon rate and a face value of $1,000 each
The common stock currently sells for $29.94 and just paid a dividend of $2.50. Dividends are paid annually and are expected to grow in perpetuity at 3%. The bonds sell for 94% of face value and have a 10.42% yield to maturity. The after-tax cost of debt is 7.294%, and the cost of equity is 11.6%. What is Rekall's WACC? A) 7.09% B) 9.51% C) 9.94% D) 10.27% E) 11.24%
The expression information technology (IT) can be defined as issues related to the components of a(n) ____ information system.
A. human-based B. computer-based C. Internet-based D. automation-based