At the optimal debt-to-equity ratio, the cost of capital (WACC) is ________ for the firm. This point reflects the maximum benefit of leverage
A) the lowest
B) the highest
C) at the midpoint
D) irrelevant
Answer: A
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When the majority of authority is maintained by top management personnel, the organization is said to be
a. centralized. b. decentralized. c. composed of cost centers. d. engaged in transfer pricing activities.
In a normal job-order costing system, factory overhead is applied using ???????????????????? rates times ???????????????????? input
Carla and Eliza share income equally. During the current year the partnership net income was $40,000. Carla made withdrawals of $12,000 and Eliza made withdrawals of $17,000. At the beginning of the year, the capital account balances were: Carla capital, $42,000; Eliza capital, $55,000. Eliza's capital account balance at the end of the year is
A) $52,000 B) $58,000 C) $82,000 D) $75,000
A full warranty is an example of a(n) ________
A) express warranty B) disclaimer warranty C) implied warranty of fitness for a particular purpose D) implied warranty of fitness for human consumption