What action would the management take if it wants to gain more ownership control of the firm?
A. Issue more growth stocks
B. Issue more common stock to the public
C. Repay portions of its loans
D. Repurchase shares of common stock
E. Pay cumulative dividends to preferred stocks
Answer: D
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Chestnut, Inc. reported the following balances on its balance sheet at December 31, Year 1: Total Assets $460,000 Total Liabilities $ 170,000 Common Stock160,000 Retained Earnings130,000 Total Equity 290,000 Total Liabilities and Equity $460,000 On January 1, Year 2, Chestnut purchased equipment for $40,000 on account. What is the company's debt-to-assets ratio immediately after the purchase of the equipment?
A. 0.46 B. 0.42 C. 0.34 D. 0.37
A machine is designed to fill toothpaste tubes, on an average, with 5.8 ounces of toothpaste. The manufacturer does not want any underfilling or overfilling. The correct hypotheses to be tested are
A. H0: ?? 5.8 Ha: ? = 5.8. B. H0: ? = 5.8 Ha: ?? 5.8. C. H0: ?> 5.8 Ha: ?? 5.8. D. H0: ?? 5.8 Ha: ?< 5.8.
Assuming there is a conflict between the attorney rules of ethics in a paralegal’s jurisdiction and the ethics rules for the paralegal association to which that paralegal belongs, which rule should be followed? Why?
What will be an ideal response?What will be an ideal response?
Which of the following statements does not describe the Keynesian standard of tax efficiency?
A. An efficient tax encourages full employment. B. An efficient tax encourages price-level stability. C. An efficient tax encourages economic growth. D. All of the above describe the Keynesian standard of tax efficiency.