The Dividend account is known as which of the following?
a. Nominal account
b. Closing account
c. Real account
d. both b and c
a
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Over time, use of the Internet will result in a larger number of brokers.
Answer the following statement true (T) or false (F)
To say that the investing decision and financing decision of a firm are separable is to say ________
A) that firms first select what products or services they will produce and then select how best to finance these products or services B) that firms first select how best to finance products or services and then select what products or services they will produce C) that firms first select what services they want and then what products they will produce D) that firms first select what products they will produce and then what services they want
The operations of Winston Corporation are divided into the Blink Division and the Blur Division. Projections for the next year are as follows: Blink Division Blur Division TotalSales$280,000 $168,000 $448,000 Variable costs 98,000 77,000 175,000 Contribution margin$182,000 $91,000 $273,000 Direct fixed costs 84,000 70,000 154,000 Segment margin$98,000 $21,000 $119,000 Allocated common costs 42,000 31,500 73,500 Operating income (loss)$56,000 $(10,500) $45,500 Operating income for Winston Corporation, as a whole, if the Blur Division were dropped would be:
A. $66,500. B. $45,500. C. $24,500. D. $56,000.
Stock S is expected to return 12 percent in a boom, 9 percent in a normal economy, and 2 percent in a recession. Stock T is expected to return 4 percent in a boom, 6 percent in a normal economy, and 9 percent in a recession. The probability of a boom is 10 percent while the probability of a recession is 25 percent. What is the standard deviation of a portfolio which is comprised of $4,500 of Stock S and $3,000 of Stock T?
A) 1.4 percent B) 1.9 percent C) 2.6 percent D) 5.7 percent E) 7.2 percent