Firms that need cash for long-term purposes, such as acquiring buildings and equipment or financing a business acquisition, and that wish to use debt as a means of obtaining cash, will
a. issue common stock in the capital markets.
b. issue preferred stock in the capital markets.
c. issue paid-in-capital in the capital markets.
d. issue bonds in the capital markets.
e. all of the above
D
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Which of the following is consistent with the laws of thermodynamics' governing energy?
A. A calorie of sunlight becomes a calorie of plant tissue that, eaten by you, becomes a calorie of heat lost in muscle "power." B. You eat a "quarter-pounder" hamburger and assemble exactly a quarter-pound of additional body weight on your body. C. Chemical bonds are a case of converting energy to matter; breaking the bonds converts matter to energy. D. When a liter of gasoline is burned in a car engine, 100% of its energy goes into moving the car along the road. E. Eventually sunlight that is absorbed on the earth returns to space as dispersed heat.
On December 31, Year 1, Allen Company's total current assets were $600,000 and its total current liabilities were $380,000. On January 1, Year 2, Allen paid $20,000 on accounts payable.Required:(a) Compute Allen's working capital (1) before and (2) after paying the account payable.(b) Compute Allen's current ratio (1) before and (2) after paying the account payable. Round your answer to two decimal places.
What will be an ideal response?
In terms of product liability, a strict liability in tort standard is applied when there is a ________
A) misrepresentation in an advertisement B) false statement made by the seller C) product that was defective when it was sold D) substandard degree of care exercised by the manufacturer
Which of the following statements about the corporate form of business organization is correct?
A. A corporation has the legal authority to act like a person when conducting business. B. In the United States, corporations generate a lower percentage of total annual sales than either partnerships or proprietorships. C. Corporations generally are smaller than either partnerships or proprietorships. D. One of the most important features of the corporate form of business organization is that stockholders have unlimited liability. E. Corporations can operate under different degrees of formality, ranging from informal, oral understandings to formal agreements filed with the secretary of the state in which the corporations do business.