Which term describes the right of a lender to sell collateral to get back the principal if the borrower cannot repay the loan? Select one of the options below as your answer:

A. collateral

B. interest

C. lien

An analyst estimates that the enterprise value of a firm is $2.7 billion. The firm has $900 million in debt outstanding. If there are 900 million shares outstanding, what is the analyst's estimated value per share

The materials price variance is computed based on the amount of materials purchased during the period. True False

Best Buy sales for any given month are 20% cash and 80% credit. Of the credit sales, half are collected the month after the sale and half are collected two months after the sale.

You have just won the lottery and you will receive 10 annual beginning-of-year payments of $5 million each. If you expect to earn a 9% compounded semi-annually, what will be the current value of the lottery payments?

Consider a competitive market served by many domestic and foreign firms. the domestic demand for these firms' product is qd = 600 - 2p. the supply function of the domestic firms is qsd = 200 + p, while that of the foreign firms is qsf = 250. a.

What is the present value of a perpetuity that pays you annual, end-of-year payments of $950.00? Use a nominal rate (monthly compounding) of 7.75%. (Hint: use EAR).

You have $400 comma 000 to donate to your college. You want to endow a perpetual scholarship that makes its first payment in one year. If the college's discount rate is 6 %, how large will the annual scholarship payment be?

McDonald's culture, with an emphasis on cleanliness, consistency, service, and the training that reinforces the value of these characteristics, illustrates which of the following criteria for sustainable competitive advantage?

Which of the following is NOT an advantage of budgeting? a. It provides organizational independence. b. It aids in the use of resources and employees by setting a benchmark that can be used for the subsequent evaluation of performance. c.

On July 5, a company's accountant downloaded the firm's June 30 bank statement from the bank website. The accountant noted that an electronic funds transfer for $9,800 from Terra Cota Cataluna, a customer located in Spain, was received by the bank