The asymmetric information explanation of capital structure suggests that firms will issue new debt only when the managers believe the firm's stock is overvalued; as a result, issuing new debt is considered a negative signal that will result in a

If a merchandiser uses the periodic inventory system, it is necessary to conduct a physical count of inventory to determine the quantity of inventory on hand

Indicate whether the statement is true or false

According to the text, which statement regarding spam is true?

a. Tough criminal legislation in the United States has been effective in curbing spam. b. Spam is an acronym for Specific Program Algorithm Mail c. Approximately 37 percent of email that is received by Canadians is spam. d. Canada currently has no anti-spam laws.