Calculate the payback period for the investment. (Round your answer to two decimal places.)
The following details are provided by a manufacturing company:
A) 2.75 years
B) 2.82 years
C) 2.55 years
D) 2.77 years
B) 2.82 years
Explanation: Payback = Amount invested / Expected annual net cash flow
= 2 years + [($1,100,000 - $790,000)] / $380,000 = 2.82 years
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Presented below are selected data from the financial statements of Provost Corp 2017 2016 Net income $110,000 $123,000 Cash dividends paid on common stock $42,000 $38,000 Market price per share of common stock at the end of the year $16.00 $13.00 Shares of common stock outstanding 140,000 140,000 The dividend payout ratio for 2017 is
a. 1.8% b. 30.0% c. 36.3% d. 38.0%
As a result of tests of controls, an auditor incorrectly assessed control risk too low and decreased substantive testing. This assessment occurred because the true deviation rate in the population was:
A. less than the risk of assessing control risk too low based on the auditor's sample. B. less than the deviation rate in the auditor's sample. C. more than the deviation rate in the auditor's sample. D. more than the risk of assessing control risk too low based on the auditor's sample.
The par value per share of common stock represents
A) the minimum selling price of the stock established by the articles of incorporation. B) the minimum amount the stockholder will receive when the corporation is liquidated C) an arbitrary amount established in the articles of incorporation D) the amount of dividends per share to be received each year
Which of the following statements about primary and secondary audiences is not correct?
A) The cooperation of the primary audience is needed to achieve the objectives of your message. B) The secondary audience approves or rejects the request presented in your message. C) The primary audience is often the highest-ranking person who receives your message. D) Not all of your messages will have both primary and secondary audiences. E) You can try to satisfy the needs of the secondary audience after you satisfy the needs of the primary audience.