Inventory requires considerable investment for most manufacturers, wholesalers, and retailers. This problem is complicated by the fact that most goods are manufactured four to nine months before they are actually sold to consumers. Manufacturers that engage in this type of speculative production often need short-term financing to do all of the following except
A. buy materials.
B. pay wages.
C. pay rent.
D. buy equipment.
E. buy supplies.
Answer: D
You might also like to view...
The cost of debt is equal to one minus the marginal tax rate multiplied by the coupon rate on outstanding debt.
Answer the following statement true (T) or false (F)
Chapter 7 bankruptcy is: A) a liquidation proceeding
B) a reorganization proceeding. C) an extended time payment plan. D) always an involuntary proceeding.
An adversary system of justice does not:
a. reflect the belief that truth is discovered through the presentation of competing ideas b. require opposing parties to argue their positions before a court c. require an actual case or controversy d. require a judge to apply the law to the facts established e. all of the other choices are correct
Which of the following statements is FALSE regarding a call provision?
A) The issuer can repurchase a fraction of the outstanding bonds in the market or it can make a tender offer for the entire issue. B) A call provision allows the issuer to repurchase the bonds at a predetermined price. C) The call price is generally set at or below, and expressed as a percentage of, the bond's face value. D) A call feature allows the issuer of the bond the right (but not the obligation) to retire all outstanding bonds on (or after) a specific date (the call date), for the call price.