When a company uses coupon or premium offers in conjunction with the sale of its products, there is no need to record any contingent liability
a. True
b. False
Indicate whether the statement is true or false
False
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If management wants to maximize its stock price, and if it believes that the dividend irrelevance theory is correct, then it must adhere to the residual distribution policy.
Answer the following statement true (T) or false (F)
A company reports basic earnings per share of $3.50, cash dividends per share of $1.25, and a market price per share of $64.75. The company's dividend yield equals:
A. 18.50%. B. 5.41%. C. 1.93%. D. 2.14%. E. 4.67%.
Which sentence is best expressed?
A) Being as gas prices are now increasing again, would you like to form a carpool? B) Because gas prices have increased so much, would you like to form a carpool? C) Being that gas prices have increased so much, would you like to form a carpool?
Richard received a letter in the mail that he had just won a cash prize of $2 million in a sweepstakes. The letter said all he had to do was return the winning entry coupon in time
In small print at the end of the letter it stated that the winner had been preselected by a computer and if the winner did not respond, then all the names of those who did respond would be put on a list for a draw for the prize and the odds of winning were 1in 130 million. Richard sent in his entry coupon but did not get the $2 million. When he contacted the company and asked where his money was they told him he had not won, but he insisted that the letter said he was a winner. If Richard wanted to take legal action most likely the result would be A) Richard would get nothing as nobody would have believed they had won $2 million B) the company would owe Richard $2 million C) the company would have to pay Richard a small punitive award of about $15,000 to deter this practice D) the company would have to pay $10 million AMP E) the executives of the company that created this scheme would go to jail for up to 10 years