Tiffany owned 1000 shares of GIA stock which was selling for $1.50 per share when the company declared a 1 for 10 reverse split. After the split, Tiffany owned
A) 10,000 shares worth approximately $1.50 per share.
B) 10,000 shares worth approximately $0.15 per share.
C) 100 shares worth approximately $15 per share.
D) 100 shares worth approximately $1.50 per share.
Answer: C
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There are significant generational differences in preferences for using and realizing the potential benefits of social-media tools.
Answer the following statement true (T) or false (F)
Each of the following factors may cause a corporation to lower its dividend payout ratio EXCEPT
A) current common shareholders are unable to participate in new equity offerings. B) the corporation's current and quick ratios are higher than industry average. C) the corporation's retained earnings balance is high. D) the corporation's earnings predictability is high.
Shylock Bank offers a savings account with a nominal rate of 9% and quarterly compounding. What is the effective rate of the account?
A) 9.31% B) 9.00% C) 9.20% D) 9.42% E) 8.63%
MIS typically produce
A) new ways of looking at data that emphasize change, flexibility, and rapid response. B) fixed, regularly scheduled reports based on data extracted from the organization's TPS. C) solutions to semistructured problems appropriate for middle management decision making. D) assumptions, responses to ad-hoc queries, and graphic representations of existing data. E) scorecards of overall firm performance along predefined key indicators.