LMN Company has 490,000 shares of $10 par value common stock outstanding. During the year LMN declared a 15% stock dividend when the market price of the stock was $36 per share. Three months later LMN declared a $.60 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by

Which term refers to the cost that motivates an economic decision

Acompany that adapts its product mix to meet the needs of a new market is using which of the following global marketing strategies market development diversification strategy product development undiversified

Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%