The minimum growth rate that a firm can achieve with no access to external capital is called the firm's sustainable growth rate. It can be calculated by using the AFN equation with AFN equal to zero and solving for g
a. True
b. FalseIndicate whether the statement is true or false
False
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Under a capital lease, the lessor, not the lessee, should record depreciation
Indicate whether the statement is true or false
Carolina Products Carolina Products sells a unique item with the following information available: Sales price $45 per unit Variable costs $15 per unit Fixed costs $5 per unit Units produced and sold 2,000 Refer to the Carolina Products information above. What is the contribution margin per unit?
A) $25 B) $40 C) $45 D) $30
According to a Nellie Mae study, 93 percent of graduate students would have liked more information on financial management topics before they started school and would like financial management education made available to them now
Indicate whether this statement is true or false.
Cynthia Fromm and Delores Rankin left after their fall semester finals for a four-day skiing trip in Northern Arizona. During their return drive, they hit a severe snowstorm and were having difficulty with directions. They took a wrong turn onto a road
that is closed during the winter months and is not plowed. The winter barricades for the road were not yet in place. Fromm and Rankin were soon stuck in the snow. They remained in their vehicle for 11 days until they were rescued by snowmobilers. Both had severe frostbite. Fromm lost both feet. Rankin lost all of her toes. Both filed suit against the state of Arizona for its failure to put up barricades in a timely fashion. Should the state be held liable?