When a company writes a call option on new stock in the company, it is called a ________
A) convertible bond
B) put option
C) stock option
D) warrant
Answer: D
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The two biggest drawbacks or disadvantages of unrelated diversification are
A. underemphasizing the importance of resource fit and the strong likelihood of diversifying into businesses that top management does not know all that much about. B. volatile sales and profits and making the mistake of diversifying into too many cash cow businesses. C. the difficulties of competently managing many different businesses and being without the added source of competitive advantage that cross-business strategic fit provides. D. insufficient cash flows to finance so many different lines of business and a lack of uniformity among the strategies of the businesses it has diversified into. E. over-investing in the achievement of economies of scope and the difficulties of achieving a good mix of cash cow and cash hog businesses.
In Neilsen v. Gold's Gym, where Gold's leased space for a new gym, but got into a dispute with the landlord of a the commercial space before it even moved in, the courts held that:
a. the lease was valid; Gold's was liable for damages for breach b. the lease was valid but the landlord breached by failing to finish the building properly c. the lease was invalid because several key provisions conflicted with state law regarding proper construction d. the lease was invalid because the rent was too high, in violation of state rules regarding proper lease charges e. none of the other choices
Which quotation represents the organizational identity of a company?
A) "I know what the company wants to do." B) "I feel I'm treated fairly here." C) "I'm proud to be part of this company." D) "I understand what the department does." E) "I'm encouraged to experiment at this company."
The adjusted trial balance for Tom's Wiring at December 31, 2021, is presented below:?DebitCreditCash$ 62,000?Supplies45,000?Accounts Payable?$ 2,000Salaries Payable?4,000Common Stock?40,000Retained Earnings?32,000Service Revenue?210,000Salaries Expense140,000?Advertising Expense23,000?Rent Expense18,000_______Totals$288,000$288,000Prepare an income statement for Tom's Wiring for the year ended December 31, 2021:
What will be an ideal response?