Excel's NORM.DIST function can be used to compute _____
a. cumulative probabilities for a standard normal z value
b. the standard normal z value given a cumulative probability
c. cumulative probabilities for a normally distributed x value
d. the normally distributed x value given a cumulative probability
c
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In general, the shorter the number of days of needed financing, the ____________________ is the cash flow from operations to average current liabilities
Fill in the blank(s) with correct word
On January 1, Jewel Company buys $200,000 of Marcelo Corp. 12%, 36-month notes. Interest is paid on the last day of each month. The notes are classified as available-for-sale securities. This is the company's first and only investment in available-for-sale securities. On December 31, the notes have a fair value of $204,000. The journal entry to record the receipt of the monthly interest on January 31 is:
A. Debit Cash $2,000; credit Interest Revenue $2,000. B. Debit Cash $2,000; credit Debt Investments-AFS $2,000. C. Debit Cash $2,000; credit Fair Value Adjustment-AFS (LT) $2,000. D. Debit Cash $2,000; credit Fair Value Adjustment-AFS (ST) $2,000. E. Debit Cash $24,000; credit Debt Investments-AFS $24,000.
If the last dividend paid by Chemical Brothers Inc. was $1.25 and analysts expect these payments to increase 4% per year, what will the stock price be next year if the required return is 15%?
A) $11.82 B) $12.29 C) $31.25 D) $12.78 E) $23.11
The ________ theory suggests that a partnership is the totality of the persons engaged in a business, and not a separate entity.
A. aggregate B. totality C. agency D. entity