Integrated accounting systems automatically transfer data between modules
Indicate whether the statement is true or false
T
You might also like to view...
The unit in the company that manages publicity and other communications with all groups that contact the firm is the:
A) department of communications B) department of advertising C) department of specialty events D) department of public relations
Smith Motors Inc manufactures, distributes, and services automotive parts and engines worldwide. Smith's income statement for the year just ending is shown below
Assume that today is the first day of Year 2 and that Smith's common shares are trading at a price of $88. In its most recent Management Discussion and Analysis (MD&A) Smith's management forecast earnings-per-share of $7.5 for Year 2. If Smith maintains its Year 1 payout ratio, then what is the dividend yield (based on forecasted earnings)? Smith Motors Inc. Income Statement Year 1 ($000,000's) Revenue $20,995 COGS 15,624 SG&A 2,466 Dep. Exp. 247 EBIT 2,658 Int. Exp. 55 Pre-Tax Income 2,603 Income Tax 898 Net Income 1,705 Shares Outstanding (millions) 205 Total Common Dividends $300.5 A) 0.88% B) 1.32% C) 1.51% D) 1.76% E) 2.62%
In general, rounding large values of decision variables to the nearest integer value causes fewer problems than rounding small values
Indicate whether the statement is true or false
A university has $16,000,000 invested in its endowment. The university wants to withdraw $800,000 from this endowment starting next year and continuing at annual intervals forever, with each subsequent payment growing at 4% per year. What rate of return does the endowment have to earn to sustain the desired withdrawals?
What will be an ideal response?