In the text's equity management model based on Myers (2000), a firm's net cash flow is allocated in three directions. Which of the following is NOT one of these directions?
a. acquisitions
b. dividends and share repurchases
c. reinvestment
d. management's private benefits of control (i.e., perks)
A
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A projective technique in which respondents are asked to play the role or assume the behavior of someone else is called ________
A) word association B) sentence completion C) story completion D) role playing E) evaluation technique
The right to die and the right to refuse medical treatment are the same thing
Indicate whether the statement is true or false
Suppose a firm has a growth rate equal to 8 percent, return on assets (ROA) of 10 percent, a debt ratio of 20 percent, and a current stock price of $36. The firm's return on equity (ROE) is:
A. 14.0%. B. 12.5%. C. 15.0%. D. 2.5%. E. 13.5%.
James Alwine financed a $7,800 fishing boat with a 10% add-on interest installment loan for 18 months. The loan required a 10% down payment. a. What was the amount of the finance charge? b. What is the amount of the finance charge rebate if the loan were to be paid after the 10th payment? (Round to the nearest cent)