Hyde Corp.'s cash budget showed total available cash less cash disbursements. What does this amount equal?

Which one of the following statements is correct?

A. Preferred stock can be callable. B. Preferred stock generally has a stated liquidation value of $1,000 per share. C. Dividend payments to preferred shareholders are tax-deductible expenses for the issuing firm. D. Preferred dividends are generally variable in amount. E. Preferred shareholders receive preferential treatment over bondholders in a liquidation.

A customer data base can more easily be developed and maintained in all forms of direct marketing than in other forms of retailing because _____

a. goods are shipped to a customer's home or office b. consumer concern for privacy is high c. consumer responses to promotions are typically high d. high direct marketing clutter exists