What is a debt incurrence test and when does it come into play?
What will be an ideal response?
The debt incurrence test only comes into play when the company wishes to do additional borrowing. In order to take on additional debt, the required interest or fixed charge coverage figure adjusted for the new debt must be at a certain minimum level for the required period prior to the financing. Debt incurrence tests are generally considered less stringent than maintenance provisions.
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Considering a candy bar sold in a vending machine. The vending machine would represent which of the P's of the marketing mix?
A. Product B. Place C. Process D. Promotion
A pioneer in China, ________ created a national campaign asking Beijing residents to send text messages guessing the high temperature in the city every day for just over a month for a chance to win a one-year supply of its products
A) PepsiCo B) Coca-Cola C) Red Bull D) Poland Spring E) Unilever