The indirect costs of bankruptcy can include which of the following?
A) Setting aside projects with good NPVs
B) Lost sales
C) Loss of confidence in the firm's products and services
D) All of the above
Answer: D
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When a firm sells a trading security, it recognizes
a. the average of the selling price and the book value as a gain or loss in measuring net income. b. the difference between the selling price and the book value as a gain or loss in measuring net income. c. amortizes any difference between the acquisition cost and maturity value as interest revenue over the life of the debt. d. the difference between the selling price and the acquisition cost of the security as a realized gain or loss on the income statement.
A(n) _____ is the first time a company issues stock that may be bought by the general public.
A. alternative public offering B. reverse public offering C. initial public offering D. direct public offering
Sid burned his own warehouse in an attempt to collect on a fire insurance policy. Sid has committed A) arson since he maliciously used fire to damage or destroy personal property
B) larceny since he committed an act intended to wrongfully obtain money from his insurance company. C) a crime called "burning to defraud insurers" since the crime of arson only applies to property owned by another person. D) an intentional tort, but not a crime since a person has a right to destroy his own property.
Terri went to the flea market to buy plants. The cost for the plants were $14.99 for a Snake plant, $5.25 for a Philodendron, $7.49 for a Day Lily, and $13.89 for a Jade plant. How much did Terri spend on plants all together?