Millbury Gas and Oil's rate of return on equity is 12%. It can either pay a dividend of $5.00 today or reinvest the money and pay a dividend of $5.60 at the end of the year
From a shareholder's point of view, the value of the dividend paid now is ________ and the value of the dividend paid a year from now is ________.
A) $5.00, $4.46
B) $5.00, $5.00
C) $4.46, $5.00
D) $5.60, $5.00
Answer: B
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Which of the following is the level of agreement in perceptions about the organization and work environment among employees?
A. organizational culture B. climcult C. values and beliefs D. organizational climate
In 2002, the following firms except one were awarded the Ig Nobel Prize for the development and application of the concept of “imaginary numbers” that are used in creative accounting in the business world, except
a. Enron b. ExxonMobil c. Arthur Andersen d. WorldCom
Supreme Catering At the end of January, Supreme Catering prepared the following budget for the upcoming month of February estimating that they would serve 5,000 people: Sales revenue per guest $25 Variable costs per guest 11 Total fixed costs $7,000 During February, there were 4,800 guests actually served. Actual costs incurred were $67,200 for variable costs and $8,000 for fixed costs. Each
guest was charged $25. Refer to the Supreme Catering information above. Supreme Catering's flexible budget for February would show net operating income of: A) $63,000. B) $60,200. C) $59,200. D) $45,800.