<span>Buying a bond does not constitute ownership in a company. In the event that Touchtech, or any firm that issues a bond, runs into financial difficulty, bondholders are the first to be paid. Sean, as a bondholder, would be among the first paid.</span>
Answer:
Today's most successful companies are including <u>customers</u> directly in the product and service development process.
This is an example of exclusive distribution.
Answer: When a manager develops a cost of capital for a specific project based on the cost of capital for another firm which has a similar line of business as the project, the manager is utilizing the pure play approach.
Explanation: Pure play method is an approach to estimate the cost of equity capital of private companies. To do this, members will go in and exam the beta coefficient of different companies to focus on them.
Answer:
Estimate merchandise purchases for the third quarter is $2.8 billion
Explanation:
The computation of the merchandise purchases for the third quarter is shown below:
= Ending inventory + Cost of goods sold - Beginning inventory
= $3.5 billion + $2.4 billion - $3.1 billion
= $2.8 billion
We simply apply the cost of goods sold formula which is shown below:
Cost of goods sold = Opening inventory + Purchase - ending inventory
