The cost of capital is what the firm must pay to obtain the money to invest in the assets listed on the left hand side of the balance sheet.
Indicate whether the statement is true or false
The pit managers or pit bosses report to the TG supervisor and are responsible for the operation of their assigned pit.
Indicate whether the statement is true or false
Corporate decisions can be influenced by institutional investors, environmental groups, employee groups and regulatory bodies.
Indicate whether the statement is true or false
Associations of tour operators, especially NTA and USTOA, use consumer protection programs, codes of ethics, and strict membership requirements to
a. discipline member firms that may deal dishonestly with travelers on packaged tours.
b. meet the requirements of the Federal Trade Commission.
c. help tourists and tour operators deal with information asymmetries in the market.
d. meet state tour operator licensing requirements.
The cost of bonds is generally referred to as the yield to maturity (YTM).
Indicate whether the statement is true or false
Once the corporate strategy determines what businesses the firm will be engaged in, decision must then be made on acquiring another or building a new business.
Indicate whether the statement is true or false
The market value of Multifarious Restaurants' common stock (which has a 5 par value) reached the conversion parity price of 50 . The company has 800,000 in convertible bonds outstanding and a conversion ratio of 30 shares per 1,000 bond.
If all the convertible bonds were converted to common stock, Common Stock would be credited for: a. 800,000.
b. 680,000.
c. 120,000.
d. 24,000.
Perhaps the most dramatic retail operation associated with a casino is in Las Vegas at:
a. Bellagio
b. MGM Grand
c. Caesars
d. Circus Circus
e. Mirage
State the process used to make needed modifications to menu items andprices.
What will be an ideal response?
A certain bond issue sold for 600,000 instead of its face value of 500,000 . The ten-year bonds bear interest at 12 percent.
The adjusting entry at the end of the six months after the sale of these bonds would involve a debit to Premium on Bonds Payable of: a. 5,000.
b. 6,000.
c. 12,000.
d. 1,200.
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