Niendorf Corporation's 5-year bonds yield 7.75%, and 5-year T-bonds yield 4.80%. The real risk-free rate is r* = 2.75%, the inflation premium for 5-year bonds is IP = 1.65%, the default risk premium for Niendorf's bonds is DRP = 1.20% versus zero for T-bonds, and the maturity risk premium for all bonds is found with the formula MRP = (t - 1) 
0.1%, where t = number of years to maturity. What is the liquidity premium (LP) on Niendorf's bonds?
0.1%, where t = number of years to maturity. What is the liquidity premium (LP) on Niendorf's bonds?A. 1.42%
B. 2.10%
C. 2.17%
D. 1.75%
E. 1.56%
Answer: D
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Albert Hawkins is a famous writer. He has authored more than fifteen books in Spanish. He publishes his thoughts online and updates the pages periodically. This online account has generated much public interest in Spain and has many readers
Hawkins's online journal is an example of a(n) ________. A) blog B) interstitial C) online magazine D) buzz spot E) microsite
Managers use four common tools to analyze competitive intelligence and develop competitive advantages. Which of the following is not one of these tools?
A. The three generic strategies. B. SWOT analysis. C. The Five Forces Model. D. First-mover advantage.
Ester Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product is as follows:InputsStandard Quantityor HoursStandard Price or RateStandard CostDirect materials1.9gallons$6.50per gallon$12.35Direct labor0.80hours$18.00per hour 14.40Fixed manufacturing overhead0.80hours$7.00per hour 5.60Total standard cost per unit $ 32.35The standard fixed manufacturing overhead rate was based on budgeted fixed manufacturing overhead of $168,000 and budgeted activity of 24,000 hours.During the year, the company applied fixed overhead to the
22,600 units in work in process inventory using the predetermined overhead rate multiplied by the number of direct labor-hours allowed. Actual fixed overhead costs for the year were $149,800. Of this total, $83,800 related to items such as insurance, utilities, and indirect labor salaries that were all paid in cash and $66,000 related to depreciation of manufacturing equipment.Assume that all transactions are recorded on the below worksheet, which is similar to the worksheet shown in your text except that it has been divided into two parts so that it fits on one page. The beginning balances in each of the accounts have been given. PP&E (net) stands for Property, Plant, and Equipment net of depreciation.?CashRaw MaterialsWork in ProcessFinished GoodsPP&E (net)=Materials Price VarianceMaterials Quantity Variance1/1$1,010,000$54,340$0$74,405$466,600=$0$0?Labor Rate VarianceLabor Efficiency VarianceFOH Budget VarianceFOH Volume VarianceRetained Earnings1/1$0$0$0$0$1,605,345When applying fixed manufacturing overhead to production, the Work in Process inventory account will increase (decrease) by: A. $83,800 B. ($126,560) C. $126,560 D. ($83,800)
Shop n' Pay Convenience Stores, Inc, is a franchisor. Tonya operates a Shop n' Pay fran¬chise. Ulysses is one of Tonya's employees. As a franchisor, if Shop n' Pay con¬trols the day-to-day operations of the business to a significant degree, it may be liable for tortious acts by
a. no one. b. Shop n' Pay only. c. Shop n' Pay and Tonya, but not Ulysses. d. Shop n' Pay, Tonya, or Ulysses.