Which of the following would be considered the firm's optimal capital structure?
A) Stock Price = $23, Earnings Per Share = $11, Cost of Equity Capital = 18%
B) Stock Price = $24, Earnings Per Share = $12, Cost of Equity Capital = 17%
C) Stock Price = $25, Earnings Per Share = $10, Cost of Equity Capital = 15%
D) Stock Price = $20, Earnings Per Share = $12, Cost of Equity Capital = 20%
C
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Accounts receivable is an asset account on the balance sheet.
Answer the following statement true (T) or false (F)
Consider the following statements about budgetary slack:I.Managers build slack into a budget so that they stand a greater chance of receiving favorable performance evaluations.II.Budgetary slack is used by managers to guard against uncertainty and unforeseen events.III.Budgetary slack is used by managers to guard against dollar cuts by top management in the resource allocation process. Which of the above statements is (are) true?
A. I only. B. II only. C. I and II only. D. II and III. E. I, II, and III.
In a two-tail test for the population proportion, if the null hypothesis is rejected when the alternative hypothesis is true:
A. a Type I error is committed. B. a Type II error is committed. C. a correct decision is made. D. a one-tail test should be used instead of a two-tail test.
A simple random sample of size 64 is taken from a population of size 800 . The sample mean is determined to be 2,550 with a standard deviation of 500 . The point estimate of the population total is _____
a. 51,200 b. 1,275,000 c. 102,000 d. 2,040,000