Optimal capital structure, or debt capacity, is the debt-equity mix that:
A) puts the firm at the EBIT-EPS breakeven point.
B) maximizes shareholder control.
C) minimizes the amount of debt held by the firm.
D) maximizes the value of the firm's common equity.
D
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Under the accrual method, the timing of revenue recognition is influenced by
a. where the purchaser gets funds to pay the seller. b. whether the buyer pays with cash or a promise. c. when the services or product are provided. d. when the seller has received a form of payment in settlement of a purchaser's promise. e. the nature of the services or product provided.
If income from operations for a division is $6,000, invested assets are $25,000, and sales are $30,000, the investment turnover is 1.2
Indicate whether the statement is true or false
When facing an ethical dilemma, a person might consider his or her answers to all of the following except
A) whether the actions would be legal. B) whether there is an obvious solution. C) who might find out if he or she makes the "wrong" decision. D) what main conflict he or she is feeling.
Modern ERP systems are becoming?
a. More flexible b. More responsive c. Both more flexible and more responsive d. Neither more flexible nor more responsive