The pecking-order model of capital structure suggests the order in which firms prefer to raise capital is:
A) debt, then retained earnings, then external equity.
B) retained earnings, then debt, then external equity.
C) preferred stock, then debt, then external equity.
D) debt, then external equity, then retained earnings.
B
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In a vertical marketing system, two or more companies at one level join together to take advantage of a new marketing opportunity
Indicate whether the statement is true or false
Which of the following examples shows the dysfunctional role of a withdrawer?
A. Magda accused several team members of pretending to know more than they really do. B. Shizu kept on talking about her successful business transactions in Peru, thereby distracting team members. C. Cort just agreed with what everyone said at the meeting, even though he doesn't like the direction the team is taking. D. Takeshi told so many jokes during the meeting that little work was accomplished.
If X is a normal random variable with a standard deviation of 10, then 3X has a standard deviation equal to
A. 10. B. 13. C. 30. D. 90.
Broadway Ltd. purchased equipment on January 1, 2019, for $780,000, estimating a six-year useful life and no residual value. In 2019 and 2020, Broadway depreciated the asset using the straight-line method. In 2021, Broadway changed to sum-of-years'-digits depreciation for this equipment. What depreciation would Broadway record for the year 2021 on this equipment? (Do not round your depreciation rate.)
A. $208,000. B. $130,000. C. $260,000. D. $104,000.