Accounting judgment occurs when managers manipulate financial information and misrepresent the firm's financial position

Which of the following factors would not tend to be associated with a company having a low dividend payout ratio?

A) Low Growth prospects B) High tax rates on dividends C)High flotation costs on new equity issues

Which of the following wholesaler's channel functions is demonstrated when a buyer receives quicker delivery because wholesalers are located closer than producers?

A) financing B) transportation C) buying and assortment building D) warehousing E) risk bearing