Liquidation of a corporation:
a. is carried out by a court-appointed receiver in any liquidation.
b. is carried out by the board of directors, serving as trustees, in a voluntary liquidation.
c. results in paying first stockholders with a liquidation preference, then outside creditors, then expenses of liquidation.
d. is set up to protect stockholders and the board of directors, but not creditors.
b
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According to the ________ hierarchy of effects, the consumer considers purchases based on an attitude of hedonic consumption (such as how the product makes him or her feel or the fun its use will provide)
A) experiential B) habitual C) low-involvement D) standard learning
A measure of profit produced above the cost of capital is referred to as ___________________________________
Fill in the blank(s) with correct word
Based on the free cash flow valuation model, the value of Weidner Co.'s operations is $1,200 million. The company's balance sheet shows $80 million in accounts receivable, $60 million in inventory, and $100 million in short-term investments that are unrelated to operations. The balance sheet also shows $90 million in accounts payable, $120 million in notes payable, $300 million in long-term debt, $50 million in preferred stock, $180 million in retained earnings, and $800 million in total common equity. If Weidner has 30 million shares of stock outstanding, what is the best estimate of the stock's price per share?
A. $24.90 B. $27.67 C. $30.43 D. $33.48 E. $36.82
A company may invest in debt or equity securities of other companies to ________
A) further enhance a business relationship with a key vendor B) invest borrowed money in an effort to improve the company's net income C) to weaken the investing company's supply chain source D) to allow the company to use investment income to increase its annual dividend