Toll booths on expressways, banks on busy streets, and theme parks are examples of ______.
a. finite population source
b. infinite population source
c. limited population source
d. constant population source
b. infinite population source
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The three main sections of the statement of cash flows are, in order, operating activities, investing activities, and financing activities.
Answer the following statement true (T) or false (F)
Floating-rate debt is advantageous to investors because the interest rate moves up if market rates rise. Since floating-rate debt shifts price risk to companies, it offers no advantages to corporate issuers.
Answer the following statement true (T) or false (F)
Welker Products sells small kitchen gadgets for $15 each. The gadgets have a variable cost of $4 per unit, and
Welker Products' fixed operating costs are $220,000 per year. Welker Products' capital structure includes 55% debt and 45% equity. Annual interest expense is $25,000, and the corporate tax rate is 35%. a. Calculate the break-even point in units. b. If Welker Products sells 25,000 units, calculate the firm's EBIT and net income. c. If sales increase ten percent from 25,000 units to 30,000 units, estimate the firm's expected EBIT and net income. d. Does Welker Products use operating leverage and/or financial leverage? Explain.
An example of an instrumental value that is important to managers is
A. self-esteem. B. a sense of accomplishment. C. social recognition. D. freedom. E. responsibility.