Watson's Automotive has a $400,000 bond issue outstanding that is selling at 102 percent of face value. Watson's also has 4,500 shares of preferred stock and 21,000 shares of common stock outstanding
The preferred stock has a market price of $44 a share compared to a price of $21 a share for the common stock. What is the weight of the debt as it relates to the firm's weighted average cost of capital? Round answer to nearest percent.
A) 38 percent
B) 39 percent
C) 40 percent
D) 41 percent
E) 42 percent
B
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Jennifer congratulated her staff when the team received an industry award for their project, and also sent a companywide e-mail announcing it. Here, Jennifer is using her ______ power.
A. personalized B. referent C. coercive D. expert E. reward
The strategic human resource management process includes which of these?
A. Plan financial resources needed. B. Identify social capital. C. Orient, train, and develop. D. Investigate competitive job positions. E. Correct underperformance.
Flint Enterprises had the following cost and production information for May: Units Produced 25,000Unit Sales Price$300Manufacturing Cost Per Unit Direct Material$40Direct Labor$25Variable Manufacturing Overhead$10Fixed Manufacturing Overhead$400,000Nonmanufacturing Costs Variable Selling Expenses$80,000Fixed General and Administrative Costs$75,000Inventory increased by 2,000 units during May. What is Flint Enterprise's income under absorption costing?
A. $5,070,000 B. $5,132,000 C. $4,652,000 D. $4,620,000
Embellishment or exaggeration is justified while communicating information for marketing purposes
Indicate whether the statement is true or false