Concentric Corporation has 10 million shares of stock outstanding. Concentric's after-tax profits
are $140 million and the corporation's stock is selling at a price-earnings multiple of 18, for a stock
price of $252 per share.
Concentric's management issues a 40% stock dividend. What is the effect on
an investor who owns 100 shares of Concentric before the dividend if Concentric's price-earnings
multiple remains the same after the dividend is paid?
A) The investor will own 100 shares worth $35,280.
B) The investor will own 100 shares worth $25,200.
C) The investor will own 140 shares worth $25,200.
D) The investor will own 140 shares worth $35,280.
C
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If a stock's price is $20 at the beginning of a year and $17 at the end of the year, and it pays a dividend of $2 during the year, then the stock's return is ____ percent.
A. ?15 B. ?5 C. 5 D. 10
Flagg Company issued $500,000 of bonds for $498,351, Interest is paid semiannually. The bond markets and the financial press are likely to state the bond issue price as
a. 498.35. b. 100.00. c. 99.67. d. 49.84.
A ________ is an internal document (or file) that is used to accumulate information to control cash payments.
What will be an ideal response?
The variance least significant for purposes of controlling costs is the
a. material quantity variance. b. variable overhead efficiency variance. c. fixed overhead spending variance. d. fixed overhead volume variance.