The trade-off theory of capital structure recognizes the tax-shield benefit of debt financing, but also recognizes that the benefit is offset by costs associated with debt financing

Financial statements in the United Kingdom are supposed to provide a "true and fair view" of the firm's financial position and results of operations. How does U.K. GAAP define "true and fair view?"

A. Objective, free from bias B. Statements must comply with accounting standards C. Relevant D. U.K. GAAP does not specifically define "true and fair view."

The following trend projection is used to predict quarterly demand: y-hat = 250 - 2.5x, where x = 1 in the first quarter

Seasonal (quarterly) indices are Quarter 1 = 1.5; Quarter 2 = 0.8; Quarter 3 = 1.1; and Quarter 4 = 0.6. What is the seasonally adjusted forecast for the next four quarters?