The target capital structure is the desired optimal mix of debt and equity financing that most firms attempt to achieve and maintain
Indicate whether the statement is true or false
TRUE
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James Company has 1400 shares of $100 par preferred stock, which were issued at par. It also has 29,000 shares of common stock outstanding, and its total stockholders' equity equals $615,600. The book value per common share is:
A. $100.00. B. $16.40. C. $15.64. D. $21.23. E. $20.25.
Alcoholism is regarded as a disease, similar to a mental impairment.
Answer the following statement true (T) or false (F)
Tax-exempt, nonprofit corporations ________.
A. cannot make a profit B. do not have legal liability C. are set up with a specific mission to improve society D. pay dividends more often than for-profit corporations
To ensure prompt payment, a business extending credit should have adequate billing records and collection procedures.
Answer the following statement true (T) or false (F)