Holding operating earnings constant, an increase in the marginal tax rate to 40% would:
A. result in a lower cost of debt
B. result in a higher cost of debt capital
C. not affect the company's cost of capital
Ans: A. result in a lower cost of debt
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Which of the following liens has first priority?
A) Mechanics lien B) First mortgage C) Property taxes D) Court judgment
Ross Stuart is a purchasing manager in a Texas-based manufacturing company. He sources most of the raw materials needed by his company from Kramer Corp However, Ross is unhappy with Kramer's prices
Additionally, he thinks that the quality of the raw materials supplied by Kramer is substandard. Which of the following stages in the business buying process is Ross' company currently in? A) general needs description B) problem recognition C) product specification D) order-routine specification E) performance review