Which of the following helps increase the assets or decrease the liabilities of a company?
A. Long-term mortgages
B. Inventories
C. Accrued payables
D. Retained earnings
Answer: D
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In most cases, U.S. GAAP requires firms to allocate the full issue price of Convertible Bonds or Convertible Preferred Stock
a. to the bonds or preferred stock and none of the price to the conversion feature. b. to the bonds or preferred stock and the conversion feature based on fair values. c. to the bonds or preferred stock and the conversion feature based on the present value of future cash flows. d. to the bonds or preferred stock and the conversion feature based on the future value of present cash flows. e. to the price to the conversion feature and none to the bonds or preferred stock.
The weight of football players is normally distributed with a mean of 200 pounds and a standard deviation of 25 pounds. The probability of a player weighing more than 250 pounds is
A. 0.228. B. 0.9772. C. 0.0022. D. 0.9978.
An increase in the firm's WACC will decrease projects' NPVs, which could change the accept/reject decision for any potential project. However, such a change would have no impact on projects' IRRs. Therefore, the accept/reject decision under the IRR method is independent of the cost of capital.
Answer the following statement true (T) or false (F)
Asai uses a skill-based plan that establishes single flat rates for each skill level. Mark performs better than Steve, even though Steve has more seniority. Which of the following statements is most likely to be true in this scenario?
A. Mark will be paid more than Steve as his performance is better. B. Both Mark and Steve will be paid the same amount. C. Steve will be paid more than Mark as he has more seniority. D. Steve will be given more incentives than Mark.