Reverse stock splits are initiated when a stock is selling at a very low price to appear respectable
Indicate whether the statement is true or false
TRUE
You might also like to view...
The SEC requires public companies to:
a. create and distribute a code of conduct to all employees. b. have each employee read and sign the code of conduct at least quarterly, or more frequently. c. create and distribute a code of conduct to all suppliers and contractors. d. All of the choices are required by the SEC for public companies.
Which of the following is NOT a factor that would be analyzed by a firm as part of an external SWOT analysis?
A) Expected inflation B) Expected growth of firm-wide sales C) Expected changes in GDP D) Political uncertainty
On a given trading day, 700 stocks advanced and 1,200 stocks declined. The volume of declining stocks was 280 million while the volume of advancing stocks was 530 million. What is the ARMS (a.k.a. TRIN) index value for the day?
A) 0.31 B) 0.91 C) 1.10 D) 3.24
Prudencio Corporation has provided the following information concerning a capital budgeting project: After-tax discount rate 13%Tax rate 30%Expected life of the project 4 Investment required in equipment$160,000 Salvage value of equipment$0 Annual sales$400,000 Annual cash operating expenses$290,000 One-time renovation expense in year 3$40,000?The company uses straight-line depreciation on all equipment. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting. The net present value of the entire project is closest to:See separate Exhibit 13B-1, to determine the appropriate discount factor(s) using the tables provided.
A. $139,420 B. $245,282 C. $85,282 D. $168,000