To determine the actual cost of using debt, a firm must adjust its bonds' average yield to maturity for the fact that _____.
A. interest payments on debt represent taxable income to the firm
B. interest payments on debt represent a tax deductible expense to the firm
C. the average yield to maturity on its debt is a positive return that the firm receives (earns)
D. the average yield to maturity on the firm's debt determines the tax rate that it pays on its operating income
E. the firm's bondholders do not have to pay taxes on the interest they receive from the firm
Answer: B
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Sources of secondary information include
A) first-hand observation. B) in-person interviews. C) newspapers and periodicals. D) experiments. E) an online survey designed specifically for your project.
Which of the following statements about accounting for discounts is true?
A) The net price method highlights sales discounts not taken and the gross price method highlights sales discounts taken. B) The net price method highlights sales discounts taken and the gross price method highlights sales discounts not taken. C) The net price method highlights trade discounts not taken and the gross price method highlights trade discounts taken. D) The net price method highlights trade discounts taken and the gross price method highlights trade discounts not taken.
In a litigation process, the party who files a complaint is called the ________.
A. bailiff B. plaintiff C. prosecutor D. defendant
Company A is developing a program logic model for its new employee orientation program, using Kellogg foundation’s program logic model categories (resources, activities, outputs, outcomes, and impact). Which one is most appropriate to be included in the outcomes category of the program logic model?
a. development of an instructor’s facilitation handbook b. the number of new employees who completed the program c. the new employees’ work morale d. scheduling the NEO program