Tardy Clocks Inc (TC) has long term bonds with a face value of $6M, the coupon rate on the bonds is 6% and the yield on the bonds is also 6%. The unlevered cost of equity is 10% and the value of TC's equity is $9.1M. The corporate tax rate is 35%
What is the required return of shareholders at Tardy?
A) 6.00%
B) 10.00%
C) 10.92%
D) 11.71%
E) 12.57%
D
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Jessica went to Angel Beauty Salon to get a facial. The cosmetic products used by the beautician contained certain harmful chemicals that reacted with Jessica's face. This resulted in several rashes and spots on her face. Which of the following statements is true of Article 2 of the Uniform Commercial Code in determining the rights and responsibilities of the parties?
A. Article 2 of the Uniform Commercial Code would not apply because Jessica is not a merchant. B. Article 2 of the Uniform Commercial Code would apply because any contract involving the use of cosmetic products is governed by the Code. C. Article 2 of the Uniform Commercial Code would apply because the cosmetic products are not Jessica's tangible personal property. D. Article 2 of the Uniform Commercial Code would not apply because Jessica entered into a contract which was predominantly a service contract.
Data warehouses replace transactional databases.
Answer the following statement true (T) or false (F)
Field testing of a product is known as ______.
A. alpha testing B. beta testing C. market testing D. real-time testing
Which of the following is a characteristic of intuition in decision-making?
A. follows a conscious process B. results in longer time to make decisions C. results in affectively charged judgments D. has no place in organizational decisions