All long-term liabilities eventually become current liabilities
a. True
b. False
Indicate whether the statement is true or false
True
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The main purpose of evaluating the supplier market is to ______.
A. choose purchases with greater cost-effectiveness B. maximize supply-related risks C. choose purchases based on requirements D. minimize future purchases
What are the major phases involved in the new product development process?
What will be an ideal response?
In Massachusetts v. EPA, Massachusetts and other states sued the EPA for not regulating vehicle emissions that may contribute to greenhouse gases. The Supreme Court held that unless Congress orders such emissions to be regulated, there is nothing EPA can do
a. True b. False Indicate whether the statement is true or false
Hardwig Inc.
is considering whether to pursue a restricted or relaxed current asset investment policy. The firm's annual sales are expected to total $3,600,000, its fixed assets turnover ratio equals 4.0, and its debt and common equity are each 50% of total assets. EBIT is $150,000, the interest rate on the firm's debt is 10%, and thetax rate is 25%. If thecompanyfollows a restricted policy, its total assets turnover will be 2.5. Under a relaxed policy its total assets turnover will be 2.2. Refer to the data for Hardwig, Inc.Assume now that the company believes that if it adopts a restricted policy, its sales will fall by 15% and EBIT will fall by 10%, but its total assets turnover, debt ratio, interest rate, and tax rate will all remain the same. In this situation, what's the difference between the projected ROEs under the restricted and relaxed policies? A. 2.79% B. 3.07% C. 3.38% D. 3.72% E. 4.09%