Which of the following statements is descriptive of common stock?
A) Stockholders are considered creditors of a corporation.
B) The payment of dividends is required.
C) Dividends paid are an expense for the issuing corporation.
D) Issuing stock is less financially risky than issuing bonds.
D
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Ray Patel, a local DJ, bought sound equipment from Backstage Equipment Inc and paid by three post-dated cheques of $10,000 each. Backstage took out a loan for $30,000 and endorsed the cheques to its bank as security for the loan
The equipment totally failed and Patel wants to stop payment against the bank. Will he be successful? A) Yes, because the equipment did not work. B) Yes, if he put a stop payment before the due dates on the cheques C) No, because the bank is a holder in due course. D) No, because the bank actually lent $30,000 to Backstage. E) No, because the bank has a loan agreement with Backstage.
Operations scheduling involves assigning jobs to workstations or employees to jobs for specific time periods
Indicate whether the statement is true or false
Affleck Inc.'s business is booming, and it needs to raise more capital. The company purchases supplies on terms of 1/10, net 20, and it currently takes the discount. One way of acquiring the needed funds would be to forgo the discount, and the firm's owner believes she could delay payment to 60 days without adverse effects. What would be the effective annual percentage cost of funds raised by this action? (Assume a 365-day year.)
A. 9.14% B. 6.24% C. 7.61% D. 7.23% E. 8.98%
In which of the following work settings or activities is one the least likely to be a victim of workplace violence?
A. Exchanging money B. Making deliveries C. Fire fighting D. Working late nights