Which of the following is the correct formula for calculating the future value?
A) FV =
B) FV = PV × (1 + r)n
C) PV = FV × (1 + r)n
D) PV = - 1
Answer: B
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Using the stock valuation formula calculate the value of a share of stock if it is expected to pay $5 in dividends, in addition the dividends are expected to grow at a rate of 4 percent forever, and the investor's required rate of return is 12 percent
A) $18.75 B) $39.75 C) $62.50 D) $68.50
The statement of cash flows reports all of the following except:
A. The net increase or decrease in assets for the period reported. B. Cash flows from investing activities. C. Cash flows from financing activities. D. Cash flows from operating activities. E. The net increase or decrease in cash for the period reported.
Dumping ________
A) involves selling a product at a price lower than the cost of production B) is a strategy used by firms to enter an industrialized nation C) refers to the practice of selling products in small quantities D) is a strategy used by organizations to enter a developed market E) is typically prevented by providing export subsidies to local producers
The LIFO conformity rule states that if LIFO is used for:
A. Domestic companies, it must be used by foreign partners. B. Tax purposes, it must be used for financial reporting. C. One company in an affiliated group, it must be used by all companies in an affiliated group. D. One class of inventory, it must be used for all classes of inventory.