Western Markets has 150,000 shares outstanding with a market price per share of $15. Each share is entitled to one right. If the firm sets a rights offer as 5 rights plus $10 for each new share, what will be the ex-rights price per share?
A) $12.23
B) $14.17
C) $15.83
D) $13.77
E) $14.49
B) $14.17
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Check tampering is a type of _____
a. larceny b. skimming c. fraudulent disbursement scheme d. fraudulent statement scheme
Which of the following is NOT a reason why paying by check is an important internal control?
A) The check provides a record of the payment. B) The check must be signed by an authorized official. C) Before signing the check, the purchasing agent reviews the invoice or other evidence supporting the payment. D) All of the above statements are correct.
Tennill Inc. has a $1,400,000 investment opportunity with the following characteristics: Sales$4,480,000 Contribution margin ratio 40% of salesFixed expenses$1,657,600 ?The ROI for this year's investment opportunity considered alone is closest to:
A. 128.0% B. 8.1% C. 9.6% D. 3.0%
In the case of existing customers, ________ gives the information on the date and type of contact, since in many sales situations, it can take repeated contacts before a sale is made.
A. channel data B. sales data C. performance data D. intercommunication data