A firm will set its dividend policy high enough so that it can continually meet the distribution level of the cash dividend in spite of variances in cash inflow from operations and in cash outflows for maintenance and investing
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: A firm will set its dividend policy low enough so that it can continually meet the distribution level of cash in spite of variances in cash inflow from operations and cash outflows for maintenance and investing.
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The main idea of the government’s supervision and regulation of banks is that it is willing to ________ banks that are solvent, ________ banks that are insolvent or badly run.
A. insure deposits for; and provide loans to B. close; but insure deposits for C. close; but provide loans to D. insure deposits for or provide loans to; but will close
Conditions in contracts:
A. should always occur concurrently. B. can be created only by using special words. C. can be impliedly created. D. should not be created orally.
The contribution margin ratio is the percent of each sales dollar that remains after deducting the unit variable cost.
Answer the following statement true (T) or false (F)
George Wilson is an assembly-line worker for Gantt Manufacturing. Gantt pays its employees weekly. The following is a breakdown of all the labor costs traced to George for the previous week: Regular pay: 40 hours at $16 per hour Overtime pay: 5 hours at $24 per hour Fringe benefits received: $70 per week Last week, George spent the entire 45 hours he worked on a special order "rush" job for a
particular customer. The overtime was necessary in order to complete the job from start to finish within one week. Assuming that George was the only employee who worked directly on this job, how much direct labor cost should be assigned to the job? A) $710 B) $640 C) $830 D) $760