If the expected rate of return on a stock exceeds the required rate:
A) The stock is experiencing supernormal growth.
B) The stock should be sold.
C) The company is probably not trying to maximize price per share.
D) The stock is a good buy.
E) Dividends are not being declared.
D
Business
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A furniture retailer has a beginning-of-year inventory (at cost) of $400,000; ending inventory (at cost) is $270,000 . Yearly purchases are $700,000 and transportation charges equal $5,700 . The retailer's cost of goods sold is _____
a. $570,000 b. $575,700 c. $835,700 d. $1,105,700
Business
If a loan is cosigned and the borrower defaults, the lender has the right to sue the cosigner or try to seize the cosigner's assets just as if that person were the borrower
Indicate whether the statement is true or false.
Business