Maria's Distributing Inc sells 20 fax machines to Bill's Electronics Ltd. for $2,000 to be paid in 30 days. No other terms are agreed to. The fax machines are delivered to Bill's the next day

Forty-five days later, Bill's puts up a going out of business sign and advertises these fax machines at $50 each. Bill's has not made one payment to Maria's. Which of the following is true?

A) Maria's Distributing Inc. is the owner of the fax machines.
B) Bill's Electronics Ltd. is the owner of the fax machines
C) Because Bill has not paid, Maria's Distributing Inc. can repossess the fax machines.
D) Both A and C.
E) Both B and C


B

Business

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___________is the name given to revenue, expense, and dividend accounts because they are closed at the end of the period

Fill in the blank(s) with correct word

Business

Which of the following is considered to be the last step in the marketing research process?

A) presenting findings B) analyzing information C) controlling the environment D) arriving at a decision E) drafting the report

Business

Ava works in a call center, the more calls she makes, the higher the chance of closing a sale, leading to greater financial compensation. This is an example of which intermittent reinforcement schedule?

What will be an ideal response?

Business

LeCompte Learning Solutions is considering making a change to its capital structure in hopes of increasing its value. The company's capital structure consists of debt and common stock. In order to estimate the cost of debt, the company has produced the following table:

Percent financed Percent financed Debt-to-equity Bond Before-tax with debt (wd) with equity (ws) ratio = wd/ws = (D/S) Rating cost of debt 0.10 0.90 0.10/0.90 = 0.11 AAA    7.0% 0.20 0.80 0.20/0.80 = 0.25 AA 7.2 0.30 0.70 0.30/0.70 = 0.43 A 8.0 0.40 0.60 0.40/0.60 = 0.67 BBB 8.8 0.50 0.50 0.50/0.50 = 1.00 BB 9.6 The company uses the CAPM to estimate its cost of common equity, rs. The risk-free rate is 5% and the market risk premium is 6%. LeCompte estimates that if it had no debt its beta would be 1.0. (Its "unlevered beta," bU, equals 1.0.) The company's tax rate, T, is 25%.On the basis of this information, what is LeCompte's optimal capital structure, and what is the firm's cost of capital at this optimal capital structure? A. ws = 0.9; wd = 0.1; WACC = 11.73% B. ws = 0.8; wd = 0.2; WACC = 10.78% C. ws = 0.7; wd = 0.3; WACC = 9.11% D. ws = 0.6; wd = 0.4; WACC = 9.50% E. ws = 0.5; wd = 0.5; WACC = 11.37%

Business