Uhri Corporation has provided the following data: Year 2Year 1Common stock, $4 par value$320,000 $320,000 Net operating income$71,429 Net income before taxes$51,429 Net income$36,000 Dividends on common stock during Year 2 totaled $4,000. The market price of common stock at the end of Year 2 was $6.08 per share. The company's dividend payout ratio for Year 2 is closest to: (Round your intermediate calculations to 2 decimal places.)
A. 0.8%
B. 7.8%
C. 1.3%
D. 11.1%
Answer: D
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A. dumping B. direct effect C. transparency D. national treatment
Generally speaking, when the information is available, investors prefer to use ________ rather than ________ when evaluating a firm
A) past data; current data B) market values; book values C) current data; market values D) book values; market values
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A. costs of manufacturing and distribution B. the demand for the good and the cost to the seller C. demand by the consumer and perceived quality D. distribution and promotion strategies E. stage of the product life cycle and costs to the consumer
Management of Mcgibboney Corporation has asked your help as an intern in preparing some key reports for November. Direct materials cost was $42,000, direct labor cost was $25,000, and manufacturing overhead was $62,000. Selling expense was $21,000 and administrative expense was $38,000.The prime cost for November was:
A. $87,000 B. $59,000 C. $67,000 D. $79,000