Which of the following is a characteristic of superior ethics training?
a. flattening of the power relationship between management and nonmanagement
b. accountability for both management and nonmanagement employees
c. referral of misunderstandings to neutral third parties
d. reduced management credibility
b. accountability for both management and nonmanagement employees
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The dividend payout ratio:
a. measures the portion of current earnings per preferred and common shares being paid out in dividends. b. is typically higher in new firms. c. is calculated using diluted earnings per share before nonrecurring items. d. is a measure of future earnings.
The number of times interest charges are earned is computed as:
A) net income plus interest charges, divided by interest charges. B) income before income tax plus interest charges, divided by interest charges. C) net income divided by interest charges. D) income before income tax divided by interest charges.
Emara Company sells two generators—Model A and Model B—for $456 and $394, respectively
The variable cost of Model A is $406 and of Model B is $304. The company will generate lower revenues but a higher net income if it sells more of Model B than Model A. Indicate whether the statement is true or false
5-year Treasury bonds yield 4.4%. The inflation premium (IP) is 1.9%, and the maturity risk premium (MRP) on 5-year T-bonds is 0.4%. There is no liquidity premium on these bonds. What is the real risk-free rate, r*?
A. 2.10% B. 2.39% C. 2.21% D. 2.58% E. 1.91%