If a firm sells assets, generating cash flows, the cost of these funds is ____
A) the firm's cost of equity
B) the firm's cost of cash flows
C) the firm's weighted cost of capital
D) zero
C
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The six largest rapidly-growing emerging markets in the world are referred to as BRIC-EN
Indicate whether the statement is true or false
Midtown, Inc. uses a predetermined overhead allocation rate of $67 per direct labor hour. In January, the company completed Job A23 which utilized 18 direct labor hours. Which of the following correctly describes the journal entry to allocate overhead to the job?
) debit Finished Goods Inventory $1206 and credit Manufacturing Overhead $1206 B) debit Manufacturing Overhead $67 and credit Work-in-Process Inventory $67 C) debit Work-in-Process Inventory $1206 and credit Manufacturing Overhead $1206 D) debit Cost of Goods Sold $67 and credit Finished Goods Inventory $67
Rapidly growing firms must often _____ to finance their acquisitions of noncurrent assets
a. sell existing noncurrent assets b. borrow funds c. issue common shares d. choices b and c e. choices a, b and c
Achattel mortgage can be used to create a security interest only in tangible property
Indicate whether the statement is true or false