Missing one payment may cause borrowers to

need a credit report.

lose their collateral.

be charged a late fee.

need a down payment.

A key feature of market economies is that the market economy: a. have government planners to allocate all economic resources. b. allocate resources by everyone acting in their own self-interest. c. are based solely on consumer spending. d.

Centro-matic Company began the year with stockholders' equity of $15,000. During the year, Centro-matic issued additional shares of stock in exchange for cash of $21,000, recorded expenses of $60,000, and paid dividends of $4,000.

In general, in order for a price increase to cause an increase in total revenue, demand must be

In which stage of the product life cycle will promotional expenditures be significantly high in an attempt to create consumer awareness of a product and its features?

Lowe Manufacturing Co. warrants its products for one year. The estimated product warranty is 4% of sales. Assume that sales were $560,000 for January. In February, a customer received warranty repairs requiring $140 of parts and $95 of labor.

Technical tool that provides users with the ability to study, control, and improve processes of all types is a:

Johansen Corporation has a target capital structure of 60 percent common stock and 40 percent debt. Its cost of equity is 14 percent, and the cost of debt is 8 percent. The relevant tax rate is 30 percent. What is the company's WACC?

On November 1, 2018, Aviation Training Corp. borrows $49,000 cash from Community Savings and Loan. Aviation Training signs a three-month, 6% note payable. Interest is payable at maturity. Aviation's year-end is December 31. Required: 1., 2. & 3.

A stock's price is simply the current market price, and it is easily observed for publicly traded companies.

Why is important to have a personal financial so important