A firm has an average age of inventory of 90 days, an average collection period of 40 days, and an average payment period of 30 days. The firm's operating cycle is ________ days
A) 110
B) 130
C) 120
D) 70
B
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Who among the following would be the best person to make sure that high-quality customer service standards are achieved by retailers?
A. Marketing manager B. Human resources manager C. Financial manager D. Advertising manager E. Store manager
Routine maintenance activities require all of the following controls except
a. documentation updates b. testing c. formal authorization d. internal audit approval
________ is a collection of non-physical assets owned by an individual or company that are the result of innovation and are legally protected from being copied or used by unauthorized partners
A) Brand valuation B) Brand architecture C) Brand personality D) Intellectual property E) Category property
Phillips Enterprises Inc is expected to pay a dividend of $2.60 next year. Dividends are expected to
grow at a constant rate of 8% per year, and the stock price is currently $20.00. New stock can be sold at this price subject to flotation costs of 15%. The company's marginal tax rate is 35%. Compute the cost of internal equity (retained earnings) and the cost of external equity (new common stock), respectively. A) 21.00%, 23.29% B) 0, 21.00% C) 8.00%, 23.29% D) 23.00%, 25.48%