A firm requires an investment of $30,000 and borrows $20,000 at 9%. If the return on equity is 15% and the tax rate is 30%, what is the firm's WACC?

All of the following are likely to increase the cost of a company's short-term financing EXCEPT

A) an increase in the company's debt rating by Moody's or Standard and Poors. B) an increase in the compensating balance required. C) taking a loan on a discount basis. D) an increase in the bank's prime lending rate.

A manager is considering three staff members as possible candidates for a new position. One morning, she asks each of them, in private, whether they might be interested in taking up the post

She also asks them not to discuss the offer with anyone. At a function after work, she is approached by several staff members. They ask her about the new position they have heard about "on the grapevine." What important feature of informal communication channels does this scenario illustrate? A) They only carry work-related information. B) They often transfer information rapidly. C) They often transfer inaccurate information. D) They tend to follow the organizational hierarchy.