A residual claim means common stockholders' claims
A)
come before those of preferred stockholders and bondholders.
B)
come after those of preferred stockholders and bond holders.
C)
reside with the board of directors?they decide the ranking.
D)
are a fixed percentage of earnings.
B
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Should credit be granted to a customer wishing to purchase a $2,000 item that has been marked-up 50% over cost if the probability of collection is only 65%? Assume all cash flows are discounted to present value.
A) Yes; the expected profit is $150.00 B) Yes; the expected profit is $33.33 C) No; the expected loss is $33.33 D) No; the expected loss is $150.00
The fishing lures produced by Fun Lite Corporation are unique in that they are handcrafted. Advertising by the company emphasizes the point that how its lures, unlike others, are all handcrafted. This feature is the company's:
a. publicity objective. b. marketing differentiator. c. competitive advantage. d. one-to-one marketing advantage.