Respondeat superior:
A) imposes vicarious liability on the agent.
B) makes a principal liable for the acts of independent contractors.
C) imposes vicarious liability on the principal for employees' acts committed within the scope of employment.
D) makes the agent responsible for his own acts
C
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According to research on LMX theory, having high-quality relationships with one’s leader is positively related to ______.
A. higher performance B. decreased satisfaction C. less commitment D. increased turnover intentions
The entry to record patent amortization of $4,500 embedded in a product is as follows:
a. Work-in-Process Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500 Patent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500 b. Finished Goods Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500 Patent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500 c. Work-in-Process Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500 Allowance for Amortization of Patent . . . . . . . . . . . . . . . . . . . . . . . . . 4,500 d. Finished Goods Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500 Allowance for Amortization of Patent . . . . . . . . . . . . . . . . . . . . . . . . . 4,500 e. none of the above
Product focused processes:
A) allow more customization, but are not very efficient. B) are desirable because resource needs increase slowly with the complexity of a process. C) are processes that are specialized for relatively few products or customer groups. D) apply only to service firms, not to manufacturers. E) are profitable because customers demand flexibility, not specialization.
Daves Inc. recently hired you as a consultant to estimate the company's WACC. You have obtained the following information. (1) The firm's noncallable bonds mature in 20 years, have an 8.00% annual coupon, a par value of $1,000, and a market price of $1,225.00. (2) The company's tax rate is 40%. (3) The risk-free rate is 4.50%, the market risk premium is 5.50%, and the stock's beta is 1.20. (4) The target capital structure consists of 35% debt and the balance is common equity. The firm uses the CAPM to estimate the cost of equity, and it does not expect to issue any new common stock. What is its WACC? Do not round your intermediate calculations.
A. 8.48% B. 10.01% C. 7.80% D. 6.79% E. 7.63%