________ are debt rated Ba or lower by Moody's or BB or lower by Standard & Poor's and are commonly used by rapidly growing firms to obtain growth capital, most often to finance mergers and takeovers
A) Subordinated debentures
B) Mortgage bonds
C) Junk bonds
D) Equipment trust certificates
C
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Toss, a chain of sports equipment retailers, plans to invest in a retail operation in a foreign country. Which of the following categories of investments does this belong to?
A. Portfolio investment B. Philatelic investment C. Direct investment D. Alternative investment E. Inventory investment
Leigh is trying to buy a used car. She knows she will need a certain amount of money to fix the car up the way she wants it afterward, and for that reason she wants a reduction in the price. However, Brent, the car salesperson, wants the maximum price he can get for the car and tells her to take it or leave it. This is known as ______.
A. accommodating bargaining B. assimilative bargaining C. distributive bargaining D. competitive bargaining
Which of the following does NOT characterize nonprofit organizations?
A) They champion multiculturalism in their respective communities. B) They are the principal source of employment for the majority of people in their community. C) They serve cultural, educational, religious, and social needs in their communities. D) They serve as the primary source for employment of recent public relations graduates.
The following information is available for Fenton Manufacturing Company at June 30: Cash in bank account$8255?Inventory of postage stamps$92?Money market fund balance$14,200?Petty cash balance$530?NSF checks from customers returned by bank$1047?Postdated checks received from customers$841?Money orders$2057?A nine-month certificate of deposit maturing on December 31 of current year$9800?? Based on this information, Fenton Manufacturing Company should report Cash and Cash Equivalents on June 30 of:
A. $24,124 B. $25,042 C. $24,032 D. $22,985 E. $20,642