What would be the market price of a stock that paid a constant $2.00 per year in dividends in perpetuity, if the expected market return for a risk of this type was 7.5%?
A) $25
B) $100
C) $26.67
D) $27.50
Answer: C
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Sharp Inc manufactures high quality sunglasses that carry the endorsements of several sports personalities. In an effort to achieve sales targets for the fourth quarter of the year, Sharp Inc pressured its independent distributors to make unusually large orders of the sunglasses. Low-priced imitations of these sunglasses hit the market soon thereafter, causing the distributors to accumulate large
inventories. The distributors shipped these sunglasses back to Sharp Inc Sharp Incstored the returned sunglasses in a remote warehouse out of the view of its auditors and did not record them as returned goods. The actions a. are in accordance with U.S. GAAP. b. are in accordance with IFRS. c. violate ethical principles. d. are in accordance with U.S. GAAP, but not IFRS. e. are in accordance with IFRS, but not U.S. GAAP.
Prior to the adjusting process, accrued expenses have
A) not yet been incurred, paid, or recorded B) been incurred, not paid, but have been recorded C) been incurred, not paid, and not recorded D) been paid but have not yet been incurred
Product quality includes all of the follwing except
a. Durability. b. Appeal. c. Price. d. Performance.
At almost every major university, some group on campus pressures the university to become "greener." What does this mean? What does it usually involve? Why would a university want to become greener?
What will be an ideal response?