Employment law gives employees certain substantive rights. Among these are:
a. the right not to be fired except for cause
b. the right to vacation time and sick days
c. the right to an employer paid health insurance plan
d. none of these
d
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Cross-sectional analysis is most closely associated with
A) Common-size analysis B) Time-series analysis C) Intracompany comparisons D) Intercompany comparisons
The Naugatuck Railway is currently all equity financed, but it is considering a leveraged capital structure. Selected financial information for Naugatuck is provided in the table below
Assume that all cash flows occur at the end of the year and we are currently at the beginning of a year. Assume that taxes are zero. Assume that all of net income is paid out as a dividend. Assume that the debt is perpetual with an annual coupon rate of 4% (and yield of 4%). Assume that individual investors can borrow and lend at the same interest rate (and with the same terms) as corporations. Under the proposed levered capital structure, Naugatuck will use all of the new debt to repurchase (and cancel) shares. Bill Strong, a brakeman for the railway, bought 100 shares of Naugatuck at $40. Bill receives annual dividend income of $200 under the current capital structure. Bill likes the return on investment that he could earn under the proposed levered capital structure, but Naugatuck has announced that it will not go forward with the change in capital structure. If Bill borrows $2,400 and buys shares, then what are his annual investment cash flows? Capital Structure Capital Structure All Equity Levered EBIT $200,000 $200,000 Debt, D 0 $1,500,000 Cost of Debt, kd N/A 4% Shares Outstanding 100,000 62,500 Stock Price $40.00 $40.00 Earnings per share $2.00 Dividend per share $2.00 A) $200 B) $224 C) $245 D) $267 E) $320
If a secured party moves within the state after filing the financing statement, the filing becomes ineffective
Indicate whether the statement is true or false
In testing for the equality of k population means, the number of treatments is?
A. ?k. B. ?k - 1. C. ?nT. D. ?nT - k.