Consider the Demand for Microwave Ovens data set. What is the total demand corresponding to random numbers 87, 61, 99, 26, 93, and 31?
A. 17
B. 18
C. 19
D. 20
A. 17
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Which of the following statements is correct?
A. An open-market dividend reinvestment plan will be most attractive to companies that need new equity and would otherwise have to issue additional shares of common stock through investment bankers. B. Stock repurchases tend to reduce financial leverage. C. If a company declares a 2-for-1 stock split, its stock price should roughly double. D. One advantage of adopting the residual dividend policy is that this makes it easier for corporations to meet the requirements of Modigliani and Miller's dividend clientele theory. E. If a firm repurchases some of its stock in the open market, then shareholders who sell their stock for more than they paid for it will be subject to capital gains taxes.
The accounts payable balance at the beginning of the year was $85,000. The company purchased $380,000 worth of goods on account, and the ending balance of the payables account was $70,000.What were the total payments on account?
A. $535,000 B. $450,000 C. $395,000 D. $465,000
For which circumstances should an employee manual be reviewed/revised?
a. New employment laws have been enacted. b. Company goals or benefit plans changed. c. Company has grown. d. All of the above
Gi Gi's Bakery has total assets of $425 million. Its total liabilities are $110 million. Its equity is $315 million. Calculate the debt ratio.
A. 25.9%. B. 34.9%. C. 13.4%. D. 14.9%. E. 38.6%.