You randomly draw a sample of n = 25 where ?? = 100. If the sample mean is 10, which of the following are the bounds of a 95% confidence interval?
a. 6.08, 13.92
b. -29.2, 49.2
c. -49.2, 29.2
d. -38.2, 40.2
a. 6.08, 13.92
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The debt to equity ratio is expressed in terms of
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Your firm is currently 100% equity financed. The CFO is considering a recapitalization plan under which the firm would issue long-term debt with an after-tax yield of 9% and use the proceeds to repurchase some of its common stock. The recapitalization would not change the company's total investor-supplied capital, the size of the firm (i.e., total assets), and it would not affect the firm's return on investors' capital (ROIC), which is 15%. The CFO believes that this recapitalization would reduce the firm's WACC and increase its stock price. Which of the following would be likely to occur if the company goes ahead with the recapitalization plan?
A. The company's net income would increase. B. The company's earnings per share would decline. C. The company's cost of equity would increase. D. The company's ROA would increase. E. The company's ROE would decline.
Leshem Incorporated makes a single product-an electrical motor used in many long-haul trucks. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted variable manufacturing overhead$52,920 Budgeted production (a) 20,000unitsStandard hours per unit (b) 0.70machine-hoursBudgeted hours (a) × (b) 14,000machine-hours Actual production (a) 16,000unitsStandard hours per unit (b) 0.70machine-hoursStandard hours allowed for the actual production (a) × (b) 11,200machine-hours Actual variable manufacturing overhead$30,784 Actual hours 10,400machine-hours?The variable overhead rate variance is:
A. $8,528 F B. $8,528 U C. $9,184 F D. $9,184 U