One purpose of blogs is to create engagement
Indicate whether the statement is true or false
True
You might also like to view...
Bravo Corporation recently issued 270-day commercial paper with a face value of $2,000,000 and a simple interest rate of 11 percent. The company paid a transaction fee equal to 0.4 percent of the issue, which was taken out of the issue amount before the company received any funds. Assuming there are 360 days in a year, what is the commercial paper's effective annual rate (rEAR)?
A. 17.51% B. 11.99% C. 12.56% D. 12.63% E. 12.82%
ISO 9000 is a series of environmental management standards that contain five core elements
Indicate whether the statement is true or false
Roman is the chief executive officer of Salty Snax Corporation. Roman's re-sponsibilities include decisions on product development, marketing, and other significant business directions. Roman is subject to the approval and oversight of Salty Snax's
board of directors. Teri is a Salty Snax manager whose duties include the firm's day-to-day hiring, firing, purchasing, and sell-ing. Umberto is a Salty Snax salesperson, whose daily activities are con-trolled by Teri. Velma writes sales manuals and promotional materials for Salty Snax's products ac-cording to Roman's instructions and subject to Salty Snax's control, but has no dealings with the company's custom-ers or sup-pliers. Warren writes copy on a contract-per-project basis and is not otherwise subject to Salty Snax's control. Who is a principal? Who is an agent? Who is an employee? Who is an independent contractor?
Johnson Production Company paid a dividend yesterday of $3.50 per share. The dividend is
expected to grow at a constant rate of 10% per year. The price of KayCee's common stock today is $40 per share. If KayCee decides to issue new common stock, flotation costs will equal $4.00 per share. KayCee's marginal tax rate is 35%. Based on the above information, the cost of retained earnings is A) 26.41%. B) 19.63%. C) 17.55%. D) 20.09%.