According to the self-liquidating debt principle permanent assets should be financed with ________ liabilities
A) permanent
B) spontaneous
C) current
D) fixed
Answer: A
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Which piece of legislation prohibits denying an applicant credit on the basis of discrimination?
A. Equal Credit Opportunity Act. B. U.S. Constitution. C. Truth in Lending Act. D. Fair Credit Act.
Welsh Corporation wants to issue debt of $525,000 to invest in a new project. Welsh is required to pay its investment banker 5 percent of the issue's total value. There are no other floatation costs. Compute the amount of debt that the firm must issue to net $525,000 after flotation costs.
A. $525,347 B. $552,632 C. $498,752 D. $551,257 E. $575,886
Jennifer has worked for many years reviewing and approving print ads for her firm. She has memorized a checklist of key points to review. All of the following would be on her checklist except
A. brand elements. B. subheads. C. body copy. D. photo credits. E. headline.
A bond sinking fund
A) is a method of reserving funds to gradually retire bonds. B) involves reserving funds to pay periodic bond interest. C) refers to the practice of selling bonds and saving the proceeds as an emergency in case the company goes bankrupt. D) refers to bonds of corporations that are in default.