Firms may prefer to issue cumulative preferred stock rather than debt for which reason?
A) If there is no current taxable income, preferred stock dividends are automatically voided.
B) Preferred stock has no voting rights but debt does.
C) Preferred dividends provide a tax shield but debt does not.
D) Corporate investors can receive a tax break on dividends.
E) Dividend payments are tax deductible, interest on debt is not.
D) Corporate investors can receive a tax break on dividends.
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Which of the following is a prejudgment writ?
A) writ of garnishment B) writ of execution C) writ of attachment D) writ of exigent
Vinall Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations:?Budgeted selling price per unit$85?Budgeted unit sales (all on credit):?? July9,400? August11,700? September10,300? October11,200?Raw materials requirement per unit of output2 pounds?Raw materials cost$2.00 per pound?Direct labor requirement per unit of output2.1 direct labor-hours?Direct labor wage rate$25.00 per direct labor-hourCredit sales are collected: 30% in the month of the sale 70% in the following monthRaw materials purchases are paid: 20% in the month of purchase 80% in the following monthThe ending finished goods inventory should equal 20% of the following month's sales. The ending raw
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At the ____ the accused is informed of the charge and the accused enters a plea
A) preliminary hearing B) arraignment C) indictment D) information