An asset use transaction does not affect the total amount of claims to a company's assets.
Answer the following statement true (T) or false (F)
False
This is false. Because asset use transactions result in a decrease in total assets, total claims must decrease as well.
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While viewing businesses in terms of customer needs can suggest additional growth opportunities, a ________ tends to focus on selling a product or service to a current market
A) strategic market definition B) target market definition C) cognitive definition D) product definition E) tactical definition
Which of the following best defines insurance?
A. It is a contract whereby a party transfers his right to receive interest to a third-party such as an agent B. It is a contract whereby a party transfers a risk of physical injury to the risk bearer for a fee C. It is a contract whereby a party transfers his right to a claim for a particular fee D. It is a contract whereby a party transfers a risk of financial loss to a risk bearer for a fee
If the average number of customers served per hour is five, then the probability that the service exceeds 27 minutes for any customer is ______.
a. 74.1% b. 10.5% c. 36.8% d. 17.4%
Tangshan Mining is considering issuing long-term debt. The debt would have a 30 year maturity and a 12 percent coupon rate and make semiannual coupon payments
In order to sell the issue, the bonds must be underpriced at a discount of 2.5 percent of face value. In addition, the firm would have to pay flotation costs of 2.5 percent of face value. The firm's tax rate is 33 percent. Given this information, the after-tax cost of debt for Tangshan Mining would be ________. A) 6.38% B) 12.76% C) 4.98% D) 8.48%