According to the text, relative changes in wage rates among nations may cause the multinational firm to
A. choose new exchange rates.
B. change its sources of supply from one country to another.
C. install labor-saving machinery.
D. reduce the number of workers.
E. eliminate product lines.
Answer: B
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Indicate whether the statement is true or false
Dividends that are paid to owners would affect both the
A) balance sheet and statement of cash flows. B) balance sheet and income statement. C) income statement and statement of changes in equity. D) income statement and statement of cash flows.
Miriah Inc has 6,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2006. What is the annual dividend on the preferred stock?
A) $50 per share B) $30,000 in total C) $300 in total D) $0.50 per share
Merrell Enterprises' stock has an expected return of 14%. The stock's dividend is expected to grow at a constant rate of 8%, and it currently sells for $50 a share. Which of the following statements is CORRECT?
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