Julian wants to open a bakery. He uses his savings and borrows some funds from his family to start his business. In the given scenario, Julian uses _____ to fund his business.
A. venture capital
B. crowdfunding
C. commercial loans
D. personal resources
Answer: D
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Define a variable cost and a fixed cost. What causes changes in these costs? Give two examples of each
Flat projections are:
A. Projections where no new information is used compared to the previous year B. Projections where no new assumptions are made compared to the previous year C. Projections where the total sales will equal what it was last year D. All of the above
Atchley Corporation's last free cash flow was $1.55 million. The free cash flow growth rate is expected to be constant at 1.5% for 2 years, after which free cash flows are expected to grow at a rate of 8.0% forever. The firm's weighted average cost of capital (WACC) is 12.0%. Atchley has $2 million in short-term debt and $14 million in debt and 1 million shares outstanding. What is the best estimate of the intrinsic stock price?
A. $25.05 B. $26.16 C. $27.30 D. $28.48 E. $29.70
Henry David Thoreau felt that war was unjust and therefore refused to pay his taxes when the United States declared war on Mexico. If Henry David Thoreau's neighbor agreed that war was unjust but paid his taxes because the law required him to pay the tax, the neighbor would be applying the jurisprudence theory of
a. legal positivism. b. natural law. c. legal realism. d. common law.