The time it takes to travel from home to the office is normally distributed with?= 25 minutes and?= 5 minutes.What is the probability the trip takes more than 32 minutes?
A. .9701
B. .1995
C. .9192
D. .0808
Answer: D
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In performing tests concerning the granting of stock options, an auditor should:
A. verify the existence of option holders in the entity's payroll records or stock ledgers. B. confirm the transaction with the Secretary of State in the state of incorporation. C. determine that sufficient treasury stock is available to cover any new stock issued. D. trace the authorization for the transaction to a vote of the board of directors.
Answer the following statements true (T) or false (F)
1. Job security and feelings of psychological safety propel engagement among employees. 2. Job satisfaction is correlated with lower absenteeism and turnover. 3. High job satisfaction is a fundamental predictor of high job performance. 4. Organizational commitment reflects the extent to which an employee identifies with an organization and is dedicated to its goals.
When is a legal acceptance by email effective?
A) when the email is sent B) when the email arrives C) when the offeror reads it D) offers cannot be validly accepted by email
Tangshan Mining Company must choose its optimal capital structure
Currently, the firm has a 40 percent debt ratio and the firm expects to generate a dividend next year of $4.89 per share and dividends are expected to grow at a constant rate of 5 percent for the foreseeable future. Stockholders currently require a 10.89 percent return on their investment. Tangshan Mining is considering changing its capital structure if it would benefit shareholders. The firm estimates that if it increases the debt ratio to 50 percent, it will increase its expected dividend to $5.24 per share. Because of the additional leverage, dividend growth is expected to increase to 6 percent and this growth will be sustained indefinitely. However, because of the added risk, the required return demanded by stockholders will increase to 11.34 percent. (a) What is the value per share for Tangshan Mining under the current capital structure? (b) What is the value per share for Tangshan Mining under the proposed capital structure? (c) Should Tangshan Mining make the capital structure change? Explain.