A line of credit would be considered:
A) a secured loan to be amortized over three to five years.
B) a long-term, permanent source of funding.
C) an agreement to borrow up to a specific total amount on demand from a bank.
D) a short-term unsecured loan with minimum interest expense.
Answer: C) an agreement to borrow up to a specific total amount on demand from a bank.
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Spiffy Manufacturing plans to offer a new issue of voting stock to the investing public. Assuming that it properly uses an exemption from registration under the Securities Act of 1933, Spiffy
A. Is also exempt from the antifraud rules of the federal securities laws. B. Need not supply any offerees and purchasers with any material information about itself or the stock being sold. C. Need not register with any state securities regulators. D. Must adhere to both federal antifraud rules and state law.
The marketing and sales budget of Wilson Inc is estimated to be $250 million. It has retained 450,000 customers and acquired 100,000 new customers. The marketing administration cost of the company is $90 million
If the retention cost per customer is $75, calculate the acquisition cost per customer. A) $450 B) $1,262.5 C) $1,580.5 D) $676 E) $980