In which of the following ways do debt and equity securities necessarily differ?
a. Ownership interest.
b. Voting rights.
c. Redeemability.
d. Convertibility.
a
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Return on investment will typically be lower than return on equity
Indicate whether the statement is true or false
The controller for Tires and More, Inc has recorded the following transactions during the month: the purchase of equipment for $8,500 cash; payment of $6,300 for 3 months of rent; and, collection of $2,400 from a customer for services performed. At the beginning of the month the company was established by selling 10,000 shares of stock to the public for $15,000 cash. What is the balance in the
Cash account at the end of the month, and is the balance a debit or a credit? A) $2,600 debit. B) $2,600 credit. C) $6,800 debit. D) $15,200 debit.
Which of the following is not true about strategy?
a. It should be decided by focusing exclusively on the environment and its threats and opportunities b. Sometimes organizations just drift into a strategy c. What leaders say their strategy is and what they actually do is often different d. Strategy leads to the allocation of resources
A person who has made a financially unsound contract may be relieved from performance under the doctrine of commercial impracticability
Indicate whether the statement is true or false