题目 Paloma Villarreal has received three suggestions from her staff about how to address her firm’s liquidity problems.Suggestion 1. Reduce the firm’s inventory turnover rate.Suggestion 2. [...]
题目 Which of the following represents a principal–agent conflict between shareholders and management? 选项 A.Risk tolerance B.Multiple share classes C.Accounting and reporting practices 答案 [...]
题目 Wang Securities had a long-term stable debt-to-equity ratio of 0.65. Recent bank borrowing for expansion into South America raised the ratio to 0.75. The increased leverage has what effect on [...]
题目 Which of the following statements regarding stakeholder management is most accurate? 选项 A.Company management ensures compliance with all applicable laws and regulations. B.Directors are [...]
题目 Which of the following is an example of agency costs? In each case, management is advocating a substantial acquisition, and management compensation is comprised heavily of stock options. [...]
题目 According to the static trade-off theory: 选项 A.debt should be used only as a last resort. B.companies have an optimal level of debt. C.the capital structure decision is irrelevant. 答案 [...]
题目 Which of the following statements is most accurate? If two equity issues have the same market risk but the first issue has higher leverage, greater liquidity, and a higher required return, the [...]
题目 Which of the following is least likely to be true with respect to agency costs and senior management compensation? 选项 A.Equity-based incentive compensation is the primary method to address [...]
题目 The Fulcrum Company produces decorative swivel platforms for home televisions. If Fulcrum produces 40 million units, it estimates that it can sell them for $100 each. Variable production costs [...]
题目 Selected liquidity ratios for three firms in the leisure products industry are given in the table below. The most recent fiscal year ratio is shown, along with the average of the previous five [...]
