Without focus on a mission statement, the workplace is chaotic and stressful for employees.
a. True
b. False
a. True
You might also like to view...
In preparing the cash flows from operating activities section of the statement of cash flows by the indirect method,the amortization of bond discount for the period is deducted from the net income for the period
a. True b. False Indicate whether the statement is true or false
An Internet user may at times want to conduct transactions anonymously. List and explain three methods for preserving your anonymity in cyberspace
Shares of stock may serve as collateral for a loan
Indicate whether the statement is true or false
Pensacola Soda Inc is all equity financed and generates perpetual annual EBIT of $300. Assume that the EBIT, and all other cash flows, occur at year end and that we are currently at the beginning of a year
Assume that Pensacola has a 100% payout rate, 1,500 shares outstanding, and that shareholders require a return of 5%. Assume that the tax rate is 0%. Pensacola is considering an open market stock repurchase. It plans to buy 20% of its outstanding shares at the price of $4.00 per share. The repurchased shares will be cancelled. It will finance the repurchase by issuing perpetual bonds worth a total sum of $1,200 and a coupon rate (and yield) of 3%. Assume that the tax rate is 0%. If Pensacola goes ahead with the repurchase, then what is its WACC after the repurchase is complete? A) 3.0% B) 3.5% C) 4.5% D) 5.0% E) 5.5%