What is another name for pro forma earnings?
A. net margin
B. operating income
C. earnings before income taxes, depreciation, and amortization (EBITDA)
D. generally accepted accounting principles (GAAP) earnings
Answer: C
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According to the VALS system developed by SRI International, ________ are avid customers and spend much of their money on clothing, fast food, music, movies, and video
A) innovators B) experiencers C) believers D) thinkers
Which of the following statements is CORRECT, assuming stocks are in equilibrium?
A. Assume that the required return on a given stock is 13%. If the stock's dividend is growing at a constant rate of 5%, its expected dividend yield is 5% as well. B. A stock's dividend yield can never exceed its expected growth rate. C. A required condition for one to use the constant growth model is that the stock's expected growth rate exceeds its required rate of return. D. Other things held constant, the higher a company's beta coefficient, the lower its required rate of return. E. The dividend yield on a constant growth stock must equal its expected total return minus its expected capital gains yield.
Law may be defined as the good acts people do for others without threat of sanction
a. True b. False Indicate whether the statement is true or false
Excel's NORM.S.DIST function can be used to compute _____
a. cumulative probabilities for a standard normal z value b. the standard normal z value given a cumulative probability c. cumulative probabilities for a normally distributed x value d. the normally distributed x value given a cumulative probability