_______________________ information is not subjective ad is relatively easy to measure
a. Firmographic
b. Psychographic
c. Demographic
d. None of the above
c
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Westmoreland Company Following are selected data from Westmoreland Company's financial statements. 2017 2016 Current liabilities $230,000 $160,000 Long-term debt 120,000 320,000 Stockholders' equity 420,000 540,000 Cash payments for additions to plant and equipment 45,000 32,000 Net cash flow from operating activities 80,000 51,000 Interest and principal payments 12,000 8,000 Net operating cash
flows before interest and taxes 68,000 43,000 Net income 90,000 72,000 Interest expense 8,500 11,500 Income taxes 16,000 14,500 Dividends paid 15,000 30,000 Refer to the Westmoreland Company data. The company's debt-to-equity ratio was 0.83 to 1 in 2017 and 0.89 to 1 in 2016 . Which of the following statements is true concerning Westmoreland? a. The company has a smaller percentage of capital from owners at the end of 2017 than at the end of 2016. b. The company relied more on creditors for financing during 2017 than in 2016. c. The company is improving its debt-to-equity ratio. d. The company appears to be in a weaker position at the end of 2017 to finance capital expenditures from cash flow generated by operating activities.
What are some conclusions to be drawn from the ACFE fraud study regarding losses from fraud?
Firm M's earnings and stock price tend to move up and down with other firms in the S&P 500, while Firm W's earnings and stock price move counter cyclically with M and other S&P companies. Both M and W estimate their costs of equity using the CAPM, they have identical market values, their standard deviations of returns are identical, and they both finance only with common equity. Which of the following statements is CORRECT?
A. M should have the lower WACC because it is like most other companies, and investors like that fact. B. M and W should have identical WACCs because their risks as measured by the standard deviation of returns are identical. C. If M and W merge, then the merged firm MW should have a WACC that is a simple average of M's and W's WACCs. D. Without additional information, it is impossible to predict what the merged firm's WACC would be if M and W merged. E. Since M and W move counter cyclically to one another, if they merged, the merged firm's WACC would be less than the simple average of the two firms' WACCs.
Cheryl is claimed as a dependent by her parents. She had a part-time job during 2018 and earned $4,900 during the year, in addition to $600 of interest income. What is her standard deduction?
A) $1,050 B) $4,900 C) $5,250 D) $12,000