The following data show the yearly salaries of football coaches at some state supported universities.
Salary
University
(in $1,000)
A
53
B
44
C
68
D
47
E
62
F
59
G
53
H
94
For the above sample, determine the following measures.
a.The mean yearly salaryb.The standard deviationc.The moded.The mediane.The 70th percentile
What will be an ideal response?
?
| a. | 60 |
| b. | 15.8 |
| c. | 53 |
| d. | 56 |
| e. | 63.8 |
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What definition correctly defines effective use of the round robin technique?
a. making sure the most talented people have the greatest amount of time to talk b. allowing all members to listen and not interrupt while other team members are speaking c. listening to all ideas offered and carefully remove the least valuable one after each round d. making a list of all the ideas offered and leave the final solution to a group vote
At which of the following life cycle stages of a product would customers be willing to overlook
the imperfections in the secondary features of the product? A) decline B) introduction C) maturity D) growth
What are profit sharing programs?
A. An individual incentive plan that provides a bonus based on that employee’s profitability B. A program that provides a portion of company proceeds over a specific amount of time to the employees of the firm through a bonus payment C. An example of giving praise D. Incentives typically based on improvements in workplace safety of material savings E. Pretty much the same as a gain sharing program
The Kansas City Southern Railroad (KCSR) currently has a levered capital structure, but it is considering a proposal to issue new equity (@$15/share) and use the proceeds to retire its debt
Selected financial information for KCSR is provided in the table below. Assume that KCSR generates perpetual annual EBIT at a constant level. Assume that all cash flows occur at the end of the year and we are currently at the beginning of a year. Assume that taxes are zero. Assume that all of net income is paid out as a dividend. Assume that the debt is perpetual with an annual coupon rate of 4% (and yield of 4%). Assume that individual investors can borrow and lend at the same interest rate (and with the same terms) as corporations. Charlie Jones, an engineer for the railway, owns 100 shares of KCSR. Charlie receives annual dividend income of $260 under the current capital structure. Charlie likes the lower risk and the return on investment that he could earn under the proposed all-equity capital structure, but Kansas City Southern has announced that it will not go forward with the change in capital structure. If Charlie sells 40 shares and lends the proceeds, then what is his return on investment? Capital Structure Capital Structure Levered All Equity EBIT $300,000 $300,000 Debt, D $1,000,000 $0 Cost of Debt, kd 4% N/A Shares Outstanding 100,000 200,000 Stock Price $15.00 $15.00 Earnings per share $2.60 Dividend per share $2.60 A) 10.00% B) 12.00% C) 12.33% D) 15.50% E) 17.33%