Which of the following is not indicative of a complex capital structure?

A. Outstanding convertible preferred stock.
B. Outstanding stock options.
C. Outstanding convertible bonds.
D. Outstanding cumulative preferred stock.


Answer: D

Business

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Answer the following statements true (T) or false (F)

1) The key difference in the closing process under the periodic and perpetual inventory systems is how merchandise inventory is handled. 2) An amount that a business earns from selling merchandise inventory is known as sales revenue or sales. 3) Under the perpetual inventory system, two journal entries are used to record the sale of merchandise. One entry records the Sales Revenue and another entry records the Cost of Goods Sold. 4) In a perpetual inventory system, the Cost of Goods Sold account is debited at the time of each sale. 5) When a perpetual inventory system is used, at the time of each sale an entry to record an expense and an increase in Merchandise Inventory must be made.

Business

______ speechmaking requires responsible handling and presentation of information as well as concern about the possible outcomes or consequences (positive or negative) of the speech.

Fill in the blank(s) with the appropriate word(s).

Business

A broad-scope strategy: 

A. offers a way of reducing some competition-related risks. B. is vulnerable to the risk that market demand does not materialize as expected and/or changes over time. C. opens the firm up to many different "fronts" of competition. D. focuses the firm on producing customized products, localized business operations, and high levels of craftsmanship.

Business

Miller needs to paint his metal workshop. He tells the paint store what he needs and says he is concerned about peeling. The seller recommends Pitts, which the company advertises as good for such use. If Miller buys Pitts based on the recommendation, and it peels right away, with respect to fitness for a particular purpose, there is:

a. a breach of implied warranty; Miller relied on the maker's judgment and claims b. no breach of implied warranty; sellers are not obligated to supply high quality goods c. no breach of implied warranty; the maker did not have reason to know of Miller's particular use for the paint d. no breach of implied warranty; there were not written warranty terms e. none of the other choices

Business