The nominal exchange rate is the
a. rate at which stocks and bonds may be exchanged for currency.
b. the rate at which domestic bank deposits and foreign bank deposits are exchanged.
c. the price of one country's currency in terms of another country's currency.
d. rate of return on Treasury bills, notes, and bonds.
c. the price of one country's currency in terms of another country's currency.
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Dividing quick assets by total current liabilities is the calculation for the
a. current ratio. b. return on investment. c. quick or acid-test ratio. d. ratio of liabilities to owner's equity.
Which of the following is/are true?
a. When one firm, P, owns more than 50% of the voting stock of another company, S, P can control the activities of S in terms of broad policy making. b. When one firm, P, owns more than 50% of the voting stock of another company, S, P can control the activities of S in terms of day-to-day operations. c. When one firm, P, owns more than 50% of the voting stock of another company, S, common usage refers to the majority investor as the parent and to the majority-owned company as the subsidiary. d. U.S. GAAP and IFRS require the parent to combine the financial statements of majority-owned companies with those of the parent in consolidated financial statements. e. all of the above
Explain the relevance of the following as they relate to building shareholder value via diversification.a. the industry attractiveness testb. the cost of entry testc. the better-off test
What will be an ideal response?
Eastline Corporation had 11,500 shares of $5 par value common stock outstanding when the board of directors declared a stock dividend of 3795 shares. At the time of the stock dividend, the market value per share was $15. The entry to record this dividend is:
A. Debit Retained Earnings $56,925; credit Common Stock Dividend Distributable $18,975; credit Paid-In Capital in Excess of Par Value, Common Stock $37,950. B. Debit Retained Earnings $56,925; credit Common Stock Dividend Distributable $56,925. C. Debit Retained Earnings $18,975; credit Common Stock Dividend Distributable $18,975. D. Debit Common Stock Dividend Distributable $56,925; credit Retained Earnings $56,925. E. No entry is needed.