Speckbacher argues combining financial and social incentives creates a/an ______ relationship.
A. legal
B. market
C. contractual
D. stakeholder
B. market
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Which of the following statements is true?
A. MIS equals business success. B. MIS represents business success and innovation. C. MIS enables business success and innovation. D. MIS equals business innovation.
An example of intrapersonal communication is:
a. Sending an e-mail to a friend b. Thinking about the answer to this question c. Writing a memo to employees d. Producing a television commercial e. Wishing your grandmother a happy birthday
On March 31, 2017, Park Place, Inc shows the following data on its balance sheet
Stockholders' Equity Common Stock, $1 Par, 1,180,000 shares authorized 240,000 shares issued, 230,000 shares outstanding $240,000 Paid-In Capital in Excess of Par-Common 2,560,000 Retained Earnings 4,790,000 Treasury stock, 15,000 shares at $40 -600,000 Total Stockholder's Equity $6,990,000 Assume that Park Place sells 1,500 shares of treasury stock at $33 per share. What is total stockholders' equity after this transaction? A) $6,940,500 B) $7,039,500 C) $6,979,500 D) $7,000,500
Tangshan Mining Company must choose its optimal capital structure
Currently, the firm has a 40 percent debt ratio and the firm expects to generate a dividend next year of $4.89 per share and dividends are expected to grow at a constant rate of 5 percent for the foreseeable future. Stockholders currently require a 10.89 percent return on their investment. Tangshan Mining is considering changing its capital structure if it would benefit shareholders. The firm estimates that if it increases the debt ratio to 50 percent, it will increase its expected dividend to $5.24 per share. Because of the additional leverage, dividend growth is expected to increase to 6 percent and this growth will be sustained indefinitely. However, because of the added risk, the required return demanded by stockholders will increase to 11.34 percent. (a) What is the value per share for Tangshan Mining under the current capital structure? (b) What is the value per share for Tangshan Mining under the proposed capital structure? (c) Should Tangshan Mining make the capital structure change? Explain.