Activity-based costing works well in warehouse-type environments but does not work for customer service applications
Indicate whether the statement is true or false
False
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When a corporation has only one class of stock, the stock is called:
A. Common stock. B. Par value stock. C. Preferred stock. D. No-par value stock. E. Stated value stock.
Syllogisms help to identify incorrect premises and flawed thinking
Indicate whether the statement is true or false
The expected returns on the debt and equity of a levered firm are rE=15% and rD=7%, and the current market value of the debt and equity are E=66 and D=44, respectively. What is the firm's weighted average cost of capital (WACC)?
a. 7.8% b. 9.8% c. 11.8% d. 13.8% FORMULA: WACC=rD(D/V)+rLE(E/V)
The Ibbotson Associates studies of rates of return suggest that 1. Treasury bills match the rate of inflation 2. stocks of smaller companies generate higher returns than larger companies 3. corporate bonds generate higher returns than Treasury bonds
A. 1 and 2 B. 1 and 3 C. 2 and 3 D. 1, 2, and 3