What is the purpose of the analysis of covenants in assessing the credit risk of an issuer?
What will be an ideal response?
An analysis of covenants found in a bond indenture is part of assessing the credit risk of a bond issuer. The purpose of analyzing the covenants (or provisions) is to examine the procedures for areas of corporate management operatives. These covenants are safeguards for the bondholder. Covenants must also be analyzed for ambiguity. Thus, analyst must pay careful attention to the definitions in indentures because they vary from indenture to indenture.
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To be ISO certified, ______.
A. a company must be audited by an external governing group B. a company must be checked out by a government agency C. a company must submit a report from an accounting firm that conducts audits D. a company must be audited by its internal audit department
Zhang Company reported Cost of goods sold of $852,000, beginning Inventory of $40,600 and ending Inventory of $48,000. The average Inventory amount is:
A. $44,300. B. $48,000. C. $88,600. D. $7400. E. $40,600.
Miss Moo produces a line of milk products that are lactose-free. The milk comes in pint, quart, and half-gallon cartons, as well as 18-ounce glass bottles. Miss Moo sells its pint cartons to school systems, its quart and half-gallon cartons to grocery stores, and its glass bottles to vending machine operators. Miss Moo appears to use a(n) _____ strategy in marketing its product to a target market that is likely to be _______.
A. undifferentiated; homogeneous B. undifferentiated; heterogeneous C. differentiated; homogeneous D. differentiated; heterogeneous E. concentrated; heterogeneous
Which DBA role makes sure the data gets from one place to another with integrity and security?
A. data architect B. database programmer C. data administrator D. data operations manager