If a company's stock price is expected to increase substantially over the next few years, which of the following may entice potential bondholders to accept a lower coupon rate on the company's bonds?
A) Par value
B) Call feature
C) Convertibility
D) Reserve feature
Answer: C
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Alpha Company uses its sales invoices for posting perpetual inventory records. Inadequate control activities over the invoicing function allow goods to be shipped that are not invoiced. The inadequate control activities could cause an:
A. overstatement of revenues and receivables and an understatement of inventory. B. understatement of revenues, receivables, and inventory. C. overstatement of revenues, receivables, and inventory. D. understatement of revenues and receivables and an overstatement of inventory.
The accounts receivable turnover ratio for a merchandiser is 9.7 times. Calculate the days' sales in receivables for the merchandiser. (Use 365 days in calculations as needed. Round your answer to the nearest day.)
A) 34 days B) 38 days C) 29 days D) 41 days
The need to apply for a patent would most likely arise during which phase of new product development?
A) business analysis B) technical development C) test marketing D) strategy development E) product proposal
The Devon Tower graces the Oklahoma City skyline and is officially the tallest building in the state. The manufacturing process used to produce this jewel is most probably:
A) a fixed-position layout. B) a batch manufacturing process. C) a hybrid process. D) a job shop.