Sock Market's corporate charter allows it to issue 6,000,000 shares of common stock. In its first year of business, Sock Market sold 700,000 shares of common stock in January, Year 1. Sock Market bought back 7,000 shares of its stock during December, Year 1. At December 31, Year 1, how many shares of common stock are outstanding?

What effect does debt have on a firm's weighted average cost of capital?

What will be an ideal response?

Representing a one-to-many recursive relationship requires which of the following?

A) Additional table with a primary key, but without a foreign key B) Additional table with a composite primary key that acts as a foreign key C) No additional table modification D) Additional foreign key that is also a primary key in the same table