Modigliani and Miller's first article led to the conclusion that capital structure is extremely important, and that every firm has an optimal capital structure that maximizes its value and minimizes its cost of capital.

a. Trueb. False

Which of the following is an example of a binding price control? This is a "multiple answer" question, so there may be more than one correct answer a. The price of steel is $300 per ton. The government imposes a price floor of $200 per ton. b.

Advertising is used mainly to A. influence consumer tastes. B. increase product awareness. C. promote company branding. D. track product popularity

Project managers used to be common only in the field of ___ technology

Chandler Co. has a loan that accrues interest at a rate of $28 a day. The company pays the interest once a quarter. What adjustments would be made at the end of a month in which no payment for interest was made?

The difference between the required rate of return on a given risky investment and that on a riskless investment with the same expected return is the

During 2016, the Beach Restaurant had sales revenues and food costs of $800,000 and $600,000, respectively. During 2017, Beach plans to introduce a new menu item that is expected to increase sales revenues by $100,000 and food costs by $40,000.

How can investors receive compounding returns? everfi

Suppose the following data were taken from the 2017 and 2016 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.

Kier Company issued $600,000 in bonds on January 1, Year 1. The bonds were issued at face value and carried a 5-year term to maturity. The bonds have a 6.00% stated rate of interest and interest is payable in cash on December 31 each year.

Kera is an hourly employee of Xeon, Inc., who earns a wage of $10.00 an hour. During a busy season, Kera works fifty hours in one week. Xeon pays Kera $11.00 an hour for her overtime pay. Xeon is: a.