Which of the following actions should Reece Windows take if it wants to reduce its cash conversion cycle?
A. Take steps to reduce the DSO.
B. Start paying its bills sooner, which would reduce the average accounts payable but not affect sales.
C. Sell common stock to retire long-term bonds.
D. Sell an issue of long-term bonds and use the proceeds to buy back some of its common stock.
E. Increase average inventory without increasing sales.
Answer: A
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Which of the following statements is true of explicit switching costs?
A. Explicit switching costs involve a penalty levied for terminating a deal or contract. B. Explicit switching costs are recurring in nature. C. Explicit switching costs are variable in nature. D. Explicit switching costs are concerned with the indirect costs in time and money.
Which of the following is a tenant's right?
A. The tenant has the right to commit waste on the property and expect the landlord to fix or repair the damage. B. The landlord is not entitled to enter the leased property without the tenant's consent, unless the lease specifies this. C. The tenant has the right to exclusive possession of the property only if there is an explicit warranty of possession and habitability. D. The landlord cannot act under an express lease provision and enter the leased property.
Murton Industries Murton Industries, Inc reported the following information on its recent balance sheet. Common stock, $10 par, 100,000 shares authorized, 75,000 shares issued and outstanding Refer to the information for Murton Industries. What is the effect of a 2-for-1 stock split if the market value of the common stock is $20 per share at the time the stock split is declared?
A) A stock split has no impact on any of the stockholders' equity account balances. B) Total stockholders' equity increases $750,000. C) Cash increases $750,000. D) $1,500,000 of retained earnings is transferred to the capital stock accounts.
Caine has been asking her boss for a promotion. Yesterday, Caine’s supervisor asked Caine to take on an assignment that will require some overtime. The task is difficult, but the supervisor says that she will coach her through it. Caine considers the assignment but thinks that it will be too much work and declines. What advantage to networking did Caine decline?
a. psychosocial support b. role modeling c. social banking d. career support