In which of the following is the usual reason for the return of the goods that they were not able
to be resold?
A) Sale or return and sale on approval
B) Sale on approval
C) Sale or return
D) Consignment, sale or return, and sale on approval
E) Consignment and sale or return
E
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Which of the following is NOT a cash inflow from a financing activity?
a. proceeds from the issuance of stock b. interest received on loans made to outsider investors c. additional investments by the owners d. proceeds from a mortgage
A firm following the _____ dividend policy pays a specific dollar dividend each year or periodically increases the dividend at a constant rate.
A. free cash flow B. residual C. constant payout ratio D. stable, predictable E. extra
A horizontal merger occurs when a company at one stage of production acquires a company at a higher or lower stage of production.
Answer the following statement true (T) or false (F)
Assume that a noncallable 10-year T-bond has a 12% annual coupon, while a 15-year noncallable T-bond has an 8% annual coupon. Assume also that the yield curve is flat, and all Treasury securities have a 10% yield to maturity. Which of the following statements is CORRECT?
A. If interest rates decline, the prices of both bonds would increase, but the 15-year bond would have a larger percentage increase in price. B. If interest rates decline, the prices of both bonds would increase, but the 10-year bond would have a larger percentage increase in price. C. The 10-year bond would sell at a discount, while the 15-year bond would sell at a premium. D. The 10-year bond would sell at a premium, while the 15-year bond would sell at par. E. If the yield to maturity on both bonds remains at 10% over the next year, the price of the 10-year bond would increase, but the price of the 15-year bond would fall.