Of the following, which is NOT a source of funds for a company?
A) Common shareholders
B) Commercial banks
C) Preferred stockholders
D) All are sources of funds for companies.
Answer: D
Business
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A retailer buys Christmas merchandize from the manufacturer on Sep. 1. The manufacturer postdates the invoice to Dec. 31, and the credit terms of the sale are 2/10, net 30. When is the payment due?
A) Jan. 10 B) Feb. 10 C) Jan. 30 D) Sep. 30
Business
Which of following is a reason for a low-dividend-payout policy?
A) Low-dividend-payout clientele are willing to pay a higher price per share than high-dividend payout clientele. B) Avoidance of transaction costs for selling shares C) Convenient and direct deposit of cash dividend D) Less need for additional costly outside funding
Business