The market for stocks progresses through a series of steps. Which step comes last in the process?
A) Investment banks buy stocks.
B) Corporations issue stocks.
C) Investment banks form a syndicate.
D) Investors sell stocks on an exchange.
E) Investment banks sell stocks.
Answer: D
Explanation: D) After investment banks sell the initial corporate issue of stocks to investors on the primary securities market, investors can buy and sell the stock among themselves through the secondary securities market.
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Exhibit 15-4 On January 1, 2016, Masters, Inc, grants a compensatory share option plan to 15 of its executives. The plan allows each executive to buy 1,000 shares of its $1 par common stock at $30 per share after a three-year service period. At January 1, 2016, the value of each option is estimated to be $9. The company also estimates it will have an annual 3% employee turnover rate during the
service period. ? Refer to Exhibit 15-4. By how much has contributed capital increased as of the beginning of 2019? A) $0 B) $ 41,070 C) $135,000 D) $123,211
Vanliere Corporation has two production departments, Machining and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Machining Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: MachiningFinishingMachine-hours 19,000 11,000Direct labor-hours 3,000 6,000Total fixed manufacturing overhead cost$138,700$52,800Variable manufacturing overhead per machine-hour$1.90 Variable manufacturing overhead per direct labor-hour $3.80 During the current month the company started and finished Job A803. The following data
were recorded for this job: Job A803:MachiningFinishingMachine-hours 90 20Direct labor-hours 20 60The predetermined overhead rate for the Finishing Department is closest to: A. $12.60 per direct labor-hour B. $8.80 per direct labor-hour C. $3.98 per direct labor-hour D. $3.80 per direct labor-hour
A working prototype that is implemented to design and define various functionalities of the project and show customers the friendly software interface and the story line of functionalities involved in the project best describes the SDLC
A) analysis phase. B) systems investigation phase. C) preliminary design phase. D) testing phase.
Consider testing the hypothesis H0: ? = 800 vs. H1: ?? 800. If the value of the test statistic z equals 1.75, then the p-value is:
a. 0.0401. b. 0.0802. c. 0.4599. d. 0.9198.