Quay Trucking Service tells Rafethat it will pay him $50 if he unloads a certain truck at the Shipping Warehouse. Rafe's acceptance is complete
a. as soon as Rafe says he will unload the truck.
b. once Rafe starts to unload the truck.
c. only after Rafe unloads the truck.
d. when Rafe hears Quay's offer.
C
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Indicate whether the statement is true or false
Under the cash-flow-based valuation approach, free cash flows can be used instead of dividends as the expected future payoffs to the investor in the numerator of the general valuation model because:
a. this approach focuses on earnings as a measure of the capital that a firm creates. b. over the life of the firm, the free cash flows into the firm and cash flows paid out of the firm in dividends to shareholders will be equivalent. c. over the life of the firm, the free cash flows out of the firm for investments and cash flows paid into the firm in dividends from these investments will be equivalent. d. this approach focuses on wealth distribution to shareholders.
A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4,500. The company retired these bonds by buying them on the open market at 97. What is the gain or loss on this retirement?
A. $3,000 gain. B. $1,500 loss. C. $3,000 loss. D. $1,500 gain. E. $0 gain or loss.
The assembly time for a product is uniformly distributed between 6 to 10 minutes. The standard deviation of assembly time (in minutes) is approximately
a. 1.3333 b. 1.1547 c. 0.1111 d. 0.5773