In 2015, a company had a total debt of $7 million. In 2016, the debt increased to $9 million. The change in earnings per share (EPS) of the company will be a direct result of change in its:
A. gross domestic product.
B. beta coefficient.
C. coefficient of variation.
D. capital structure
E. standard deviation.
Answer: D
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Hayes Inc. provided the following information for the current year:Beginning inventory 100unitsUnits produced 750unitsUnits sold 800unitsSelling price$150/unitDirect materials$35/unitDirect labor$16/unitVariable manufacturing overhead$15/unitFixed manufacturing overhead$24,000/yearVariable selling/administrative costs$8/unitFixed selling/administrative costs$15,500/yearWhat is the unit product cost for the year using variable costing?
A. $98 B. $95 C. $66 D. $74 E. $96
The Miller model begins with the MM model with corporate taxes and then adds personal taxes.
Answer the following statement true (T) or false (F)
________ consists of items such as number of sales personnel in the field and average sales per representative, competitors and alternative products, and production capabilities and schedules as well as other factors known mainly to the company
A) External data B) Product data C) Employee data D) Internal data
In May 2018, Seth converts $100,000 in his traditional IRA to a Roth IRA. The value of the assets in the Roth IRA drops by 40% due to a significant decline in the stock market that occurs in October 2018. The Roth conversion results in Seth incurring $100,000 of taxable income, when he could have waited and converted only $60,000 (after the 40% drop). Which of the following statements is correct?
A) Seth cannot recharacterize the conversion. B) Seth can recharacterize as long as it is done within six months from the date of the conversion. C) Seth can recharacterize after December 31, 2018. D) Seth can recharacterize at any time before the due date of his tax return, including extensions.