For capital budgeting and cost of capital purposes, the firm should always consider retained earnings as the first source of capital (i.e., use these funds first) because retained earnings have no cost to the firm.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Brett applies to his bank for a $30,000 loan to purchase a truck for his family's use. This loan is subject to TILA disclosure requirements
a. True b. False Indicate whether the statement is true or false
Pastel Paints Company uses the direct method for preparing its statement of cash flow
Pastel reports the following information regarding 2017: From the income statement: Sales Revenues, $267,000 Cost of Goods Sold, $210,000 Operating Expenses, $37,000 From the balance sheet: Beginning Balance Ending Balance Accounts Receivable $14,500 $18,300 Merchandise Inventory 23,500 17,800 Accounts Payable 6,100 13,800 Accrued Liabilities 4,700 1,800 What amount will be shown for collections from customers? A) $263,200 B) $270,800 C) $267,000 D) $32,800
Blair hired Towner to sell Blair's car at auction. On the way to the auction, Towner hit a pedestrian, Green, at an intersection. Can Green recover from Blair?
An insured has a legal right to borrow an amount up to the face amount of insurance with a whole life policy
Indicate whether the statement is true or false