A common protective provision in a bond indenture is the limitation of dividends on the issuing
firm's common stock.
Indicate whether the statement is true or false
TRUE
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Salvage value is not the same as
a. carrying value. b. residual value. c. disposal value. d. scrap value.
Isabelle's Furniture manufactures a small table and a large table
The small table sells for $700, has variable costs of $560 per table, and takes 10 direct labor hours to manufacture. The large table sells for $1,600, has variable costs of $970, and takes eight direct labor hours to manufacture. The company has a maximum of 5,000 direct labor hours per month when operating at full capacity. If there are no constraints on sales of either product, and the company could choose any proportions of product mix that they wanted, what is the optimum product mix to maximize operating income of the company? A) 500 units of small and 625 units of large B) 0 units of small and 625 units of large C) 625 units of small and 500 units of large D) 500 units of small and 0 units of large
A promissory note is signed for $42,500 at 10.9%. The note is due in six months. The bank discounts the note at 15%, two months before maturity of the note. Calculate the proceeds
a. $43,585.60 b. $44,102.32 c. $44,515.75 d. $43,695.84
An experiment consists of selecting a student body president and vice president. All undergraduate students (freshmen through seniors) are eligible for these offices. How many sample points (possible outcomes as to the classifications) exist?
a. 4 b. 16 c. 8 d. 32