What is the semiannual interest payment on a $1,000 bond with a 7% coupon rate?
A) $70
B) $35
C) $350
D) $700
Answer: B
Explanation: B) $1,000 × 0.07 × 0.5 = $35
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The margin of safety would be negative if a company('s)
a. was presently operating at a volume that is below the break-even point. b. present fixed costs were less than its contribution margin. c. variable costs exceeded its fixed costs. d. degree of operating leverage is greater than 100.
Which of the following statements about budgeting is false?
a. Employee participation is promoted when all employees help prepare the budget. b. Management planning ,controlling, and problem-solving is enhanced when employees help prepare the budget. c. When departments participate in the budgeting process, budgets are better coordinated. d. Sales personnel do not need to participate in the budgeting process.
The difference between prototypes and beta versions is that beta versions are
a. tested in the lab. b. tested in the field. c. conceptual models. d. not as useful for identifying problems. e. ready for commercial release.
_______ fundamentally changes the products offered.
a. Severe invention b. Total elimination c. Radical innovation d. Rapid invention