CleenAire Ceramics, which is based in Oregon, developed a filter that scrubs all emissions out of gas grills. Uncle Sam's Outdoor Cooking Company buys the filters for their grills, which they export throughout Asia
In this case, what role does CleenAire Ceramics play?
A) direct importer
B) direct exporter
C) countertrader
D) indirect exporter
E) indirect importer
Answer: D
Explanation: D) CleenAire sells its products domestically, which then become components of a product that is exported.
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Which of the following is an example of an accrual?
a. Debit Office Supplies Expense, credit Office Supplies b. Debit Wages Expense, credit Wages Payable c. Debit Rent Expense, credit Prepaid Rent d. Debit Unearned Revenue, credit Revenue from Services
The relative sales value method requires a common physical unit for measuring the output of each product
Indicate whether the statement is true or false
A writer should avoid using a comma to:
A. separate a compound predicate. B. separate a dependent clause that precedes a main clause. C. set off interrupting elements. D. separate consecutive adjectives that separately modify a noun.
Assume that you are an intern with the Brayton Company, and you have collected the following data: The yield on the company's outstanding bonds is 7.75%; its tax rate is 25%; the next expected dividend is $0.65 a share; the dividend is expected to grow at a constant rate of 6.00% a year; the price of the stock is $15.00 per share; the flotation cost for selling new shares is F = 10%; and the target capital structure is 45% debt and 55% common equity. What is the firm's WACC, assuming it must issue new stock to finance its capital budget?
A. 7.34% B. 7.73% C. 8.14% D. 8.56% E. 8.99%