From Apple Inc's balance sheet in Figure 2.2, an investor knows that Apple is financing its business from the sale of stock and retained earnings because its long-term debt is ______

a. $0
b. over $39 billion
c. about $4 billion
d. about $19 billion

a

Business

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Teri's Tires has 7 percent preferred stock outstanding that sells for $68 a share. The preferred stock has a $100 par value. What is Teri's cost of preferred stock?

A) 9.52 percent B) 9.71 percent C) 10.29 percent D) 10.78 percent E) 11.76 percent

Business

Communications that are neither spoken nor written are called ________

A) Nonverbal B) Interactional C) Verbal D) Deployment

Business