On a December day, the probability of snow is .30 . The probability of a "cold" day is .50 . The probability of snow and "cold" weather is .15 . Are snow and "cold" weather independent events?
a. only if given that it snowed
b. no
c. yes
d. only when they are also mutually exclusive
C
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Sales of woollen clothing usually increase during the winter season and decline thereafter. This is an example of ________ demand
A) irregular B) declining C) impulse D) latent E) negative
The ________ Clause of the U.S. Constitution prevents the government from enacting laws that either prohibit or inhibit individuals from participating in or practicing their chosen religions.
A. Due Process B. Privileges and Immunities C. Establishment D. Free Exercise
An income statement reports the revenues earned minus expenses incurred by a business over a period of time.
Answer the following statement true (T) or false (F)
Smith Motors Inc manufactures, distributes, and services automotive parts and engines worldwide. Smiths' income statement for the year just ending is shown below
Assume that today is the first day of Year 2 and that Smith's common shares are trading at a price of $68. In its most recent Management Discussion and Analysis (MD&A) Smith's management forecast earnings-per-share of $6 for Year 2. If Smith maintains its Year 1 payout ratio, then what will the dividend (per share) be in Year 2? Smith Motors Inc. Income Statement Year 1 ($000,000's) Revenue $20,995 COGS 15,624 SG&A 2,466 Dep. Exp. 247 EBIT 2,658 Int. Exp. 55 Pre-Tax Income 2,603 Income Tax 898 Net Income 1,705 Shares Outstanding (millions) 205 Total Common Dividends $300.5 A) $0.77 B) $1.06 C) $1.44 D) $1.86 E) $2.06