The average rate of return that investors require to provide funds to the firm in the form of debt is the ________.
A. average coupon rate on the firm's bonds
B. average yield to maturity (YTM) on the firm's bonds
C. average maturity value of the firm's bonds
D. firm's required rate of return
E. average internal rate of return (IRR) the firm earns on its assets
Answer: B
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One of the dimensions of trustworthiness is ______, which is predictability in competence.
a. reliability b. integrity c. consistency d. steadfastness
Homeyer Corporation has provided the following data for its two most recent years of operation: Selling price per unit$71Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$12Direct labor$6Variable manufacturing overhead$3Fixed manufacturing overhead per year$264,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$4Fixed selling and administrative expense per year$74,000 Year 1Year 2Units in beginning inventory03,000Units produced during the year11,00012,000Units sold during the year8,00014,000Units in ending inventory3,0001,000The net operating income (loss) under absorption costing in Year 1 is closest to:
A. $208,000 B. $30,000 C. $176,000 D. $102,000
GIF and PDF formats are:
A) impossible to change. B) used to change documents. C) not easily changed. D) none of the above.
Maintaining adequate records is an important internal control principle.
Answer the following statement true (T) or false (F)