A random sample of 100 people was taken. Eighty-five of the people in the sample favored Candidate A. We are interested in determining whether or not the proportion of the population in favor of Candidate A is significantly more than 80%. The test statistic is
a. 0.80
b. 0.05
c. 1.25
d. 2.00
C
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_____ refers to the number of product lines an organization offers
a. Product line assortment b. Product equity c. Product mix width d. Product line depth
An opinion is a claim that someone believes is true. _________________________
Answer the following statement true (T) or false (F)
Which of the following would likely be considered an internal user of accounting information rather than an external user?
A. Middle-level managers. B. Lenders. C. Stockholders. D. Consumer groups. E. Government agencies.
Acme Explosives Inc is an international producer of creative demolition products. Acme is all equity financed. Acme has too much cash, which it wants to distribute to its shareholders. Selected financial information for Acme is provided in the table
David Wylie is a director at Acme. Next Friday the board is meeting to vote on the format of the distribution. There are three choices on the ballot: (1 ) an extra dividend of $4 per share; (2 ) a stock dividend of 0.5 shares for each existing share; or (3 ) an open market stock repurchase to buy 28.5% of shares outstanding at a price of $14.04. As part of his compensation package, David has options to purchase one million shares at a price of $12 per share. If David's sole concern is his own wealth, then how should he vote at the board meeting? Selected Financial Information for Acme Corporation Cash $12,600M Market Capitalization $44,226M Shares Outstanding 3,150M Stock Price $14.04 Debt $0 A) Extra Dividend B) Stock Repurchase C) Stock Dividend