Which of the following is the best measure of profit maximization goal?
A) retained earnings
B) risk of the investment
C) earnings per share
D) timing of the returns
C
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Marioni Corporation has two manufacturing departments--Forming and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates: FormingAssemblyTotalEstimated total machine-hours (MHs) 7,000 3,000 10,000Estimated total fixed manufacturing overhead cost$37,100$9,000$46,100Estimated variable manufacturing overhead cost per MH$1.70$2.60 During the most recent month, the company started and completed two jobs--Job B and Job H. There were no beginning inventories. Data concerning those two jobs follow: Job B Job HForming machine-hours4,800 2,200Assembly machine-hours1,200 1,800 Assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both production departments.
The manufacturing overhead applied to Job B is closest to: A. $40,320 B. $6,720 C. $39,480 D. $33,600
Beauty Inc plans to maintain its optimal capital structure of 40 percent debt, 10 percent preferred
stock, and 50 percent common equity indefinitely. The required return on each component source of capital is as follows: debtN8 percent; preferred stockN12 percent; common equityN16 percent. Assuming a 40 percent marginal tax rate, what after-tax rate of return must the firm earn on its investments if the value of the firm is to remain unchanged? A) 10.64 percent B) 12.00 percent C) 12.40 percent D) 11.12 percent
The U.S. District Court is the trial level court in the federal court system
Indicate whether the statement is true or false
If a vendor has correctly used marginal analysis to select its stock levels for the day (as in the newsperson problem in the text), and if the profit resulting from the last unit being sold (Cu) is $0.90 and the loss resulting from that unit if it is not sold (Co) is $0.50, which of the following is the probability of the last unit being sold?
A. Greater than 0.357 B. Greater than 0.678 C. Greater than 0.400 D. Greater than 0.556 E. None of these