Southland Tours has net income of $2 million this year. The book value of Southland Tours
common equity is $8 million dollars. The company's dividend payout ratio is 60% and is expected
to remain this way.
What is Southland Tours' internal growth rate?
A) 15% B) 10% C) 6% D) 9%
B
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The convertibility feature of a bond can be exercised by the issuing corporation
Indicate whether the statement is true or false
Which of the following would be an example of partnering?
A) selling a customized bus to the CEO of the bus manufacturer B) renting customized buses to corporate customers through a car service agency that services corporations C) using the same brand of paint on all the buses they customize D) developing s standardized process to ensure the buses all receive the same steps, with differences within those steps E) creating two or more identical customizations for the same customer
A premium is a promotional item that is given as an incentive for performing a particular act, typically buying a product.
Answer the following statement true (T) or false (F)
Judgment-proof means that the creditor:
A) Will likely be able to collect. B) Has won many lawsuits. C) May not collect. D) Is a good litigator.