Financing activities involve
A) lending money.
B) acquiring investments.
C) issuing debt.
D) acquiring long-lived assets.
C
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If fixed costs cannot be reduced, how much reduction in variable costs will be needed to achieve the desired target?
Ignite Products is a price-taker. The company produces large spools of electrical wire in a highly competitive market; thus, it uses target pricing. The current market price of the electric wire is $700 per unit. The company has $3,000,000 in average assets, and the desired profit is a return of 8% on assets. Assume all products produced are sold. The company provides the following information:
A) $240,000
B) $14,000,000
C) $9,440,000
D) $79,200,000
To reduce the par or stated value of common stock, a corporation issues a proportionate number of additional shares. This is termed a ________
a. stock dividend b. stock repurchase c. dash dividend d. stock split
If bonds are sold for a discount, the carrying value of the bonds is equal to the face value less the unamortized discount
Indicate whether the statement is true or false
When expressing thanks or offering congratulations, a purchased card is more impressive than a handwritten note
Indicate whether the statement is true or false