________ measures the percentage of profit earned on each sales dollar before interest and taxes but after all costs and expenses
A) Net profit margin
B) Operating profit margin
C) Gross profit margin
D) Earnings available to common shareholders
B
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What is meant by the balance in the retained earnings account?
Martin redeemed $3,000 (principal of $2,000 and interest of $1,000) of Series I Savings Bonds to pay qualified higher education expenses. His qualified expenses for the year totaled $2,500 and AGI consists of wages of $20,000. What is the amount of interest that Martin must include in income? (Round interim calculations to three decimal places)
A. $1,000. B. $833. C. $167. D. $0.
Dryden, Corp. has 500,000 shares of common stock outstanding, a P/E ratio of 11, and $900,000 earnings
available for common stockholders. The board of directors has just voted a 5:2 stock split. a. If you had 100 shares of stock before the split, how many shares will you have after the split? b. What was the total value of your investment in Dryden stock before the split? c. What should be the total value of your investment in Dryden stock after the split? d. In view of your answers to (b) and (c) above, why would a firm's management want to have a stock split?
Consider that you are getting ready to leave outside in the morning, and weather forecasters predict rain. Whether or not it will rain is an illustration of ______.
A. consequences B. states of nature C. payoffs D. decision alternatives