If a product passes both the concept test and the product test, the next step is most likely to be ________
A) marketing strategy development
B) product development
C) test marketing
D) business analysis
E) concept development
C
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Which of the following statements is true concerning traditional and Roth IRAs?
A) The investment income portion of Roth IRA distributions must be reported as taxable income. B) Roth IRA contributions are tax deductible. C) There are minimum distribution requirements for traditional IRAs. D) There are no limits on the tax deductibility of traditional IRA contributions once the account owner has reached age 50.
The following information comes from the Galaxy Construction balance sheet
The value of common stock is $10,000, retained earnings equals $7,000, total common equity equals $17,000, preferred stock has a value of $3,000, and long-term debt totals $15,000. If the cost of debt is 8.00%, preferred stock has a cost of 10.00%, common stock has a cost of 12.00%, and the firm has a corporate tax rate of 30%, calculate the firm's WACC adjusted for taxes. A) 10.11% B) 10.00% C) 9.09% D) There is not enough information to answer this question.