The majority of businesses in the United States are:
a. sole proprietorships b. non-taxable
c. corporations d. non-profit
e. partnerships
a
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Factors that reflect the ability of a business to pay its debts and earn a reasonable amount of income are referred to as solvency and profitability
a. True b. False Indicate whether the statement is true or false
If price is your central selling theme, you should
A) introduce the idea early and emphasize it often. B) mention it once and then move on. C) focus on it in the postscript. D) introduce it late in the message.
At 15% interest compounded annually, approximately how long will it take Walter to double his money?
A) About five years B) About three years C) About seven years D) About fifteen years E) About fifty years
Ewing Oil has $5B of excess cash and has announced an open market stock repurchase. Prior to the announcement, the stock was trading for $25 per share and there are 2.5B shares outstanding
Assume that the stock repurchase is executed at the pre-repurchase price. Sue Ellen has 100 shares of Ewing Oil. She bought the shares for $25 per share. Sue Ellen pays a tax rate of 20% on capital gains and 34% on dividends. What is Sue Ellen's after-tax wealth if she sells the same proportion of shares as Ewing repurchases, and that she receives the same price that Ewing pays? Assume that Sue Ellen sells her remaining shares after the repurchase at the price that prevails after the repurchase. A) $1,800 B) $1,965 C) $2,250 D) $2,500 E) $2,625