Acme Explosives Inc is an international producer of creative demolition products. Selected financial information for Acme is provided in the table below. Acme wants to distribute all of its cash with a special dividend
The stock price and market capitalization of the company immediately after the announcement are shown in the table. What price will the stock trade at on the ex-dividend day?
Selected Financial Information
for Acme Corporation
Cash $28,738.2M
Market Capitalization $177,809.7M
Shares Outstanding 6,330M
Stock Price $28.09
Debt $0
A) $22.91
B) $23.55
C) $26.33
D) $28.09
E) $31.11
B
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Which of the following is NOT true about “specific, measurable characteristics of a product or service that customers say are necessary for their satisfaction”?
a. They are derived by the company. b. They are given by the customer. c. They are called CTQ requirements. d. They are referred to as critical-to-quality.
Cai Corporation uses a job-order costing system and has provided the following partially completed T-account summary for the past year. Raw MaterialsBal. 1/117,000Credits?Debits97,000 Bal. 12/3130,000 Work In ProcessBal. 1/119,000Credits506,000Direct materials74,000 Direct labor13,000 Overhead applied257,000 Bal. 12/31? The cost of indirect materials requisitioned for use in production during the year was:
A. $13,000 B. $40,000 C. $74,000 D. $10,000
The number of emergency calls per day at a hospital over a period of 120 days is shown below. Number of Observed Emergency Calls (x) Frequency (f) 0 9 1 12 2 30 3 27 4 22 5 13 6 or more 7 Total 120 ? Use ? = .05 and the p-value approach to see if the above data have a Poisson distribution.
What will be an ideal response?
Betty's BBQ orally contracts with Denny's Design House for 10,000 matchbooks at the price of 10 cents per matchbook. The matchbooks are to be embossed with a logo to be designed by Denny's Design promoting Betty's BBQ. Price, payment terms, and delivery terms are agreed upon between the parties. Denny's Design creates the logo, gets Betty's BBQ's approval of the design, and begins applying the logo on the matchbook covers. Denny's Design has almost finished the order when Betty's BBQ calls to say it has decided to make the eatery a smoke-free restaurant and cancels the order. Denny's Design sues, but Betty's BBQ states that the agreement is unenforceable under the Statute of Frauds. Who wins?
A. Denny's Design House wins. This situation falls under an exception to the Statute of Frauds. B. Denny's Design House wins. This is a service contract for design of a logo. Therefore, the UCC, including the Statute of Frauds provisions of Article 2, does not apply. C. Betty's BBQ wins. This is a contract for $1,000. The Statute of Frauds requires all sales contracts in excess of $500 be in writing. D. Betty's BBQ wins. The Statute of Frauds only applies to merchants. Betty's BBQ is not a merchant in this instance because it intended to give the matchbooks away and not sell them.