Gepps Cross Industries issues debt with a maturity of 25 years. In the case of bankruptcy, holders of this debt may only claim those assets of the firm that are not already pledged as collateral on other debt
Which of the following best describes this type of corporate debt?
A) a note
B) a debenture
C) an asset-backed bond
D) unsecured debt
Answer: B
Business
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A company faces a fixed cost of $568 and sells items at a 50% markup on their cost of $12. What is their break-even point in both units and dollar sales?
What will be an ideal response?
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