Preferred stock and long term bonds are similar because
a. they both have voting power
b. interest and dividend payments are fixed
c. interest and dividend payments are legalobligations
d. interest and dividend payments are tax deductibleexpenses
b
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If current assets amount to $150, total assets $350, current liabilities $65, and total liabilities $100, then the current ratio is
a. 2.12 to 1 b. 2.31 to 1 c. 3.03 to 1 d. 3.50 to 1
The vice president of marketing for a software development company wants "to increase new business customers by 20 percent within the next two years." This is an example of a ________
A) marketing objective B) business vision C) business mission D) strategic plan E) marketing audit
Answer the following statements true (T) or false (F)
A normal four-to-three majority vote is required for passing new accounting standards.
We ____ received three bids for the new computer mainframe
A) already B) all ready C) all-ready