Corporate strategy is formulated by ______.
A. the organization’s top managers
B. the entire organization
C. third-party consultants
D. people in charge of marketing and manufacturing
A. the organization’s top managers
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How does the income statement differ from the statement of cash flows?
What will be an ideal response?
In a buying center, the person who has the formal or informal power to choose or approve the selection of a supplier or brand is known as the _____
a. decider b. purchaser c. gatekeeper d. influencer
To estimate the company's WACC, Marshall Inc. recently hired you as a consultant. You have obtained the following information. (1) The firm's noncallable bonds mature in 20 years, have an 8.00% annual coupon, a par value of $1,000, and a market price of $1,050.00. (2) The company's tax rate is 25%. (3) The risk-free rate is 4.50%, the market risk premium is 5.50%, and the stock's beta is 1.20. (4) The target capital structure consists of 35% debt and the balance is common equity. The firm uses the CAPM to estimate the cost of common stock, and it does not expect to issue any new shares. What is its WACC?
A. 7.48% B. 7.88% C. 8.29% D. 8.73% E. 9.19%
In a partnership of A, B, and C, A commits fraud which creates a liability to the partnership of $9,000 . If the three partners share profits and losses equally, A's liability to the partnership for his fraudulent act is $3,000
a. True b. False Indicate whether the statement is true or false