The Mercedes' C-Spot events were primarily designed to ________
A) generate personal relationships between the firm and the media
B) satisfy the needs and concerns of long-term Mercedes owners
C) encourage charitable donations among Mercedes owners
D) draw attention to special pricing opportunities
E) create interest among future luxury car buyers
E
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Various governments force companies to charge the ________ price, which is charged by other competitors for the same or a similar product
A) gray market B) implicit C) arm's-length D) authorized E) contingent
Two conditions are used to determine whether a stock is in equilibrium: (1) Does the stock's market price equal its intrinsic value as seen by the marginal investor, and (2) does the expected return on the stock as seen by the marginal investor equal his or her required return? If either of these conditions, but not necessarily both, holds, then the stock is said to be in equilibrium.
Answer the following statement true (T) or false (F)
Waltermire Corporation has provided the following information concerning a capital budgeting project: After-tax discount rate 12%Tax rate 30%Expected life of the project 4 Investment required in equipment$160,000 Salvage value of equipment$0 Working capital requirement$30,000 Annual sales$460,000 Annual cash operating expenses$340,000 The working capital would be required immediately and would be released for use elsewhere at the end of the project. The company uses straight-line depreciation on all equipment. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting.The total cash flow net of income taxes in year 2 is:
A. $120,000 B. $24,000 C. $96,000 D. $80,000
Which of the following is a disadvantage of providing credit to customers?
A. It increases the cost of selling. B. It delays the receipt of cash. C. It lowers the chances of repeat business. D. It decreases the sales revenue.