Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is currently selling for $12 a share. The overall stock market has an 11 percent rate of return and a risk premium of 8 percent
What is the expected rate of return on Daniel's Enterprises stock?
A) 10.00 percent
B) 15.85 percent
C) 16.67 percent
D) 18.84 percent
E) 19.06 percent
D
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Alpha Company uses its sales invoices for posting perpetual inventory records. Inadequate control activities over the invoicing function allow goods to be invoiced that are not shipped. The inadequate control activities could cause an:
A. overstatement of revenues and receivables and an understatement of inventory. B. overstatement of revenues, receivables, and inventory. C. understatement of revenues and receivables and an overstatement of inventory. D. understatement of revenues, receivables, and inventory.
Teresa Fallon sends a written proposal to a customer. In the proposal, she compares the specifications of her product and a competing product. If the information about the competing product is not true, she is using a form of defamation called:
A) business libel B) business slander C) product disparagement D) puffery E) bribery
The payroll records of a company provided the following data for the weekly pay period ended December 7: EmployeeEarningsto End of Previous WeekGross PayFederal Income TaxesMedical Insurance DeductionUnion DuesUnited WayRonald Arthur$ 54,000$1,200$216$125$15$15John Baines 40,500 900 162 125 15 30Ted Carter 45,000 1,000 180 150 -0- 20The FICA social security tax rate is 6.2% and the FICA Medicare tax rate is 1.45% on all of this week's wages paid to each employee. The federal and state unemployment tax rates are 0.6% and 5.4%, respectively, on the first $7,000 paid to each employee. Prepare the journal entries to (a) accrue the payroll and (b) record payroll taxes expense.
What will be an ideal response?
The new public service emphasizes the importance of:
A) Managing through people B) Commanding people C) Coercing people D) Convincing citizens