Which of the following is not a prerequisite to paying a cash dividend?
A) formal action by the board of directors
B) market value in excess of par value per share
C) sufficient cash
D) sufficient retained earnings
B
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To enter the German market, BDO, an international accounting company, purchased an existing accounting firm. BDO entered the German market through the use of:
A. contract marketing B. direct investment C. franchising D. direct exporting E. countertrading
What spans a large geographic area, such as a state, province, or country? A. Local area network
A. Local area network B. Wide area network C. Metropolitan area network D. Peer-to-peer network
You invest $10,000 in a complete portfolio. The complete portfolio is composed of a risky asset with an expected rate of return of 15% and a standard deviation of 21% and a Treasury bill with a rate of return of 5%. How much money should be invested in the risky asset to form a portfolio with an expected return of 11%?
A. $6,000 B. $4,000 C. $7,000 D. $3,000