Which of the following items should a company report directly in its monthly cash budget?
A. Its monthly depreciation expense.
B. Cash proceeds from selling one of its divisions.
C. Accrued interest on zero coupon bonds that it issued.
D. New shares issued in a stock split.
E. New shares issued in a stock dividend.
Answer: B
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Assume that interest rates on 20-year Treasury and corporate bonds are as follows: T-bond = 7.72% AAA = 8.72% A = 9.64% BBB = 10.18%The differences in these rates were probably caused primarily by:
A. Tax effects. B. Default and liquidity risk differences. C. Maturity risk differences. D. Inflation differences. E. Real risk-free rate differences.
The coastal town of Olaspen offers various exotic water sports and hiking expeditions to its tourists. The town government of Olaspen advertises its adventure tourism in travel magazines, newspapers, and on the television in neighboring countries. Which of the following marketing strategies does this scenario best illustrate?
A. People marketing B. Place marketing C. Event marketing D. Idea marketing
Dyl Pickle Inc. had credit sales of $4,000,000 last year and its days sales outstanding was DSO = 35 days. What was its average receivables balance, based on a 365-day year.
A. $441,096 B. $471,781 C. $368,219 D. $318,356 E. $383,562
In the United States, people come from such diverse backgrounds that establishing broad agreement on specific ethical standards can be daunting. In this situation, a given country's _____ provides a solid starting point for examining ethical standards.
A. economic system B. population growth rate C. gross domestic product D. legal system