A firm has $300 million of assets that includes $40 million of cash and 10 million shares outstanding. If the firm uses $30 million of its cash to repurchase shares, what is the new price per share?
A) $24.00
B) $36.00
C) $30.00
D) $42.00
Answer: C
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Firms that incur research and development costs to develop a patented product:
a. must expense the costs as incurred. b. must capitalize the costs and only reduce such costs if the patent becomes impaired. c. must capitalize the costs and then amortize the costs over the expected economic life of the patent. d. have a choice either to expense the costs as incurred or capitalize the costs and amortize the costs over the legal life of the patent. e. have a choice either to expense the costs as incurred or capitalize the costs and amortize the costs over the expected economic life of the patent.
Mergers and acquisitions
A. are nearly always successful in achieving their desired purpose. B. are highly risky because of the financial drain that comes from using the company's cash resources to pay for the costs of the merger or acquisition. C. frequently do not produce the hoped-for outcomes. D. are generally less effective than forming alliances or partnerships with these same companies. E. are usually more successful in achieving cost reductions than in expanding a company's market opportunities.
In general, consumer protection law at the state level is more stringent than federal law
a. True b. False Indicate whether the statement is true or false
If the population for a study is defined as the student body in a particular high school, and the sample is selected by randomly choosing classrooms at 11:00 AM and administering the survey to all the students in those classes, we are relying on:
a. simple random sampling. b. nonprobability sampling. c. cluster sampling. d. stratified sampling. e. convenience sampling.