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Browse through our recently updated questions and discussion topics.
Which of the following statements is a violation of semi-strong form market efficiency?I. Executives ...
Which of the following statements is a violation of semi-strong form market efficiency?I. Executives ...
Which of the following statements is a violation of semi-strong form market efficiency?
I. Executives trade their stock holdings before major announcements.
II. Day traders base their trading decisions on daily, weekly, and monthly trends.

▸ I only

▸ II only

▸ Both I and II

▸ Neither of these statements
Finance   brettlaw   8   jordankites45   2 weeks ago
Residual owners are
Residual owners are
Residual owners are

▸ equity holders.

▸ equity and preferred shareholders.

▸ bond holders.

▸ all of the above
Finance   Nursesn   8   kinnigit   2 weeks ago
A firm has 750,000 preferred shares outstanding. Each share has a stated dividend amount of $1.65 ...
A firm has 750,000 preferred shares outstanding. Each share has a stated dividend amount of $1.65 ...
A firm has 750,000 preferred shares outstanding. Each share has a stated dividend amount of $1.65 per share and are currently priced to yield 7.5%. What is the cost of the preferred shares if the firm's income tax rate is 27% and flotation costs on any new preferred share issue will be 2% before tax?

▸ 7.61%

▸ 7.65%

▸ 30.0%

▸ 7.50%
Finance   pmiller1129   8   timmcgraw1994   A week ago
Explain why when calculating the weighted average cost of capital for a firm, retained earnings is ...
Explain why when calculating the weighted average cost of capital for a firm, retained earnings is ...
Explain why when calculating the weighted average cost of capital for a firm, retained earnings is never included in the calculations.
Finance   lotusflwr   8   itsbreck   A week ago
Which of the following statements is correct?
Which of the following statements is correct?
Which of the following statements is correct?

▸ The risk of the equity remains constant as leverage increases.

▸ The earnings per share decreases as leverage increases.

▸ The return on equity increases as leverage increases.

▸ All of the above
Finance   blankship   8   kniemeier2   A week ago
James Bay Water Park operates in a world with zero taxes and no financial distress. The firm has a ...
James Bay Water Park operates in a world with zero taxes and no financial distress. The firm has a ...
[html]James Bay Water Park operates in a world with zero taxes and no financial distress. The firm has a debt/equity ratio of 1. The cost of equity is 15% and the cost of debt is 8%. The only difference between Whispering Pines Resort and James Bay Water Park is that Whispering Pines Resort has a debt/equity ratio of 3. What is the cost of equity for Whispering Pines Resort?

▸ 12.6
Finance   jason23   8   Loveameriah   A week ago
Explain the concept of M&M's homemade leverage and why it is not equivalent to a firm's debt.
Explain the concept of M&M's homemade leverage and why it is not equivalent to a firm's debt.
Explain the concept of M&M's homemade leverage and why it is not equivalent to a firm's debt.
Finance   sunkiss22   8   wonton1   A week ago
With respect to a company distributing a stock dividend, which of the following is FALSE?
With respect to a company distributing a stock dividend, which of the following is FALSE?
With respect to a company distributing a stock dividend, which of the following is FALSE?

▸ The overall value of the firm remains unchanged.

▸ The corporation distributes additional stock certificates.

▸ The share capital account remains unchanged.

▸ There is no proportionate change in ownership.
Finance   westleafs   8   bizmailova   A week ago
Montreal Skaters Company has cash flow from operations of $100 million. Usually it pays a total ...
Montreal Skaters Company has cash flow from operations of $100 million. Usually it pays a total ...
[html]Montreal Skaters Company has cash flow from operations of $100 million. Usually it pays a total annual dividend of $100 million. In an M&M world, can reducing the dividend result in an increase in the value of the firm?

▸ No, according to M&M dividends are irrelevant so there should be no change in the value of the firm.

▸ No, in fact it will decrease value because sharehold
Finance   shahabkhon   8   djl4909   A week ago
What does the Lintner empirical model suggest?
What does the Lintner empirical model suggest?
What does the Lintner empirical model suggest?

▸ Firms pay out a constant proportion of their earnings as dividends.

▸ Firms pay out a constant proportion of their revenue as dividends.

▸ Dividends are very sticky (i.e., they do not change frequently).

▸ Firms rapidly adjust their dividends to changing economic conditions.
Finance   alireads   8   collegelife_288   A week ago
Toronto Skaters Company has just declared its regular dividend of $1 per share. On March 1, the ...
Toronto Skaters Company has just declared its regular dividend of $1 per share. On March 1, the ...
[html]Toronto Skaters Company has just declared its regular dividend of $1 per share. On March 1, the share traded at $5 per share. The next day, the ex-dividend date, what do we expect to see?

▸ the share price fall by less than $1 due to investor taxes

▸ the share price fall by more than $1 due to investor taxes

▸ the share price fall by $1

▸ the share price rise by less than
Finance   szehim2009   8   nguyenphuc1990   A week ago
A firm's payment policy is concerned with
A firm's payment policy is concerned with
A firm's payment policy is concerned with

▸ which bills the firm pays.

▸ when the firm pays its bills.

▸ how the firm pays its bills (e. g. cheques, electronic fund transfer).

▸ all of the above
Finance   edelynpl   8   clubber25   A week ago
A firm can reduce its burn rate through changing different policies, EXCEPT
A firm can reduce its burn rate through changing different policies, EXCEPT
A firm can reduce its burn rate through changing different policies, EXCEPT

▸ payment policy by delaying the paying of bills.

▸ inventory policy by decreasing levels of inventory and having higher inventory rates.

▸ credit policy by collecting its receivables more quickly.

▸ sales policy by increasing its sales volumes through discount pricing.
Finance   youngbloodz   8   ssong07   A week ago
Which of the following scenarios is an example of the transactions motive to hold cash?
Which of the following scenarios is an example of the transactions motive to hold cash?
[html]Which of the following scenarios is an example of the transactions motive to hold cash?

▸ A manufacturing company holds cash to pay its suppliers for raw materials.

▸ An oil company saves abnormally high earnings as cash on its balance sheet which it will use to buy another oil company.

▸ A firm holds cash to pay its annual dividend.

▸ An airline keeps a reserve of cash du
Finance   scigeekalic   8   Jessicav1126   A week ago
The following pairs are all costs of holding inventory EXCEPT
The following pairs are all costs of holding inventory EXCEPT
The following pairs are all costs of holding inventory EXCEPT

▸ purchase price and overhead.

▸ storage and insurance.

▸ obsolescence and inventory financing.

▸ handling and spoilage.
Finance   Bluffinmuffin   8   Loveameriah   A week ago
An example of a spontaneous source of funds is
An example of a spontaneous source of funds is
An example of a spontaneous source of funds is

▸ short-term borrowing.

▸ trade credit.

▸ bank credit line.

▸ commercial paper loans.
Finance   zbuild007   8   CJWVail2   A week ago
Which of the following are classified as 'investment' for the purpose of futures ...
Which of the following are classified as 'investment' for the purpose of futures ...
[html]Which of the following are classified as 'investment' for the purpose of futures contracts?
I.Silver
Finance   lindseyw   8   sharonfaith31   A week ago
Use the following statements to answer this question:I.Credit default swaps (CDS) are insurance on ...
Use the following statements to answer this question:I.Credit default swaps (CDS) are insurance on ...
[html]Use the following statements to answer this question:
I.Credit default swaps (CDS) are insurance on the default of issuers of the debt.
Finance   got2pass   8   bigmatic94   A week ago
VIX can be used
VIX can be used
VIX can be used

▸ to estimate the risk of default premium of the underlying debt.

▸ to price interest rate volatility.

▸ to measure the volatility of the underlying stock price based on the observed option prices.

▸ none of the above
Finance   laywatdut   8   CJWVail2   A week ago
Which of the following is a FALSE statement regarding capital expenditures?
Which of the following is a FALSE statement regarding capital expenditures?
Which of the following is a FALSE statement regarding capital expenditures?

▸ They are a firm's investments in long-lived assets.

▸ They determine a company's future direction.

▸ They usually involve large amounts of money and the decisions are frequently recoverable.

▸ They may be tangible assets or intangible assets.
Finance   partygirl4u59   8   shanej399   A week ago
Suppose the Canadian Space Agency has two mutually exclusive projects: landing a person on Mars and ...
Suppose the Canadian Space Agency has two mutually exclusive projects: landing a person on Mars and ...
Suppose the Canadian Space Agency has two mutually exclusive projects: landing a person on Mars and landing a person on Venus. Project Mars has an IRR of 12% and project Venus has an IRR of 15%. The crossover rate is 9%. The project's appropriate discount rate is 8%.

▸ Accept project Mars.

▸ Accept project Venus.

▸ Accept both projects.

▸ Accept neither project.
Finance   shahabkhon   8   DNA_Helicase   A week ago
Consider a 12-year project that costs $48,000 today and will produce after-tax cash flows of $6,000 ...
Consider a 12-year project that costs $48,000 today and will produce after-tax cash flows of $6,000 ...
Consider a 12-year project that costs $48,000 today and will produce after-tax cash flows of $6,000 each year for the first four years, $7,000 each year for the next four years, and $8,000 each year for the last four years. If the cost of capital is 8 %, what is the project's NPV?

▸ $3,230

▸ -$30,092

▸ $907

▸ $21,554
Finance   make7upurs   8   ecunis1   A week ago
Consider a five-year project that costs $20,000 today, which is expected to generate $6,000 at the ...
Consider a five-year project that costs $20,000 today, which is expected to generate $6,000 at the ...
[html]Consider a five-year project that costs $20,000 today, which is expected to generate $6,000 at the end of the second year and then the cash flows will increase by $1,000 per year for each of the remaining years. The cost of capital is 8%. What are the NPV and IRR for this project?

▸ NPV = $2,706.35; IRR = 11.93%

▸ NPV = $1,083.24; IRR = 8.96%

▸ NPV = $3,824.56; IRR = 14.87%
Finance   mahan1994   8   itsbreck   A week ago
Suppose a project requires an after-tax incremental cash outflow of $40,000 today. The project is ...
Suppose a project requires an after-tax incremental cash outflow of $40,000 today. The project is ...
Suppose a project requires an after-tax incremental cash outflow of $40,000 today. The project is expected to generate after-tax cash inflows of $9,000 per year for the next six years. What is the project's Profitability Index (PI) if the appropriate discount rate is 10%?

▸ 1.11

▸ 1.03

▸ 0.92

▸ 0.98
Finance   anatomy66   8   starikovs   A week ago
A company is considering four mutually exclusive projects A, B, C, and D. Project A requires an ...
A company is considering four mutually exclusive projects A, B, C, and D. Project A requires an ...
[html]A company is considering four mutually exclusive projects A, B, C, and D. Project A requires an initial investment of $100,000 and is expected to generate after-tax cash flows of $62,500 per year for two years. Project B requires an initial investment of $160,000 and is expected to generate after-tax cash flows of $72,000 per year for three years. Project C requires an initial
Finance   harry32   8   kuteeme   A week ago
A firm has set a budget constraint of $220,000 on new investments, which cannot be exceeded. Given ...
A firm has set a budget constraint of $220,000 on new investments, which cannot be exceeded. Given ...
[html]A firm has set a budget constraint of $220,000 on new investments, which cannot be exceeded. Given the following independent investments, what is the highest NPV that the firm will get?

Finance   pgakui   8   jennaforiero   A week ago
A firm has set a budget constraint of $200,000 on new investments, which cannot be exceeded. Given ...
A firm has set a budget constraint of $200,000 on new investments, which cannot be exceeded. Given ...
[html]A firm has set a budget constraint of $200,000 on new investments, which cannot be exceeded. Given the following independent investments, what is the loss to the firm from the capital rationing constraint?

Finance   maryanne.jones3   8   Marth6377   A week ago
What are the main differences between a prospectus and an offering memorandum?
What are the main differences between a prospectus and an offering memorandum?
[html]What are the main differences between a prospectus and an offering memorandum?

▸ A prospectus is shorter and costs less to prepare than an offering memorandum.

▸ A prospectus costs less to prepare but is longer than an offering memorandum.

▸ Offering memorandums are shorter and cost less to prepare than prospectuses.

▸ Prospectus and offering memorandum are two different n
Finance   Coolguy80   8   penmc   4 days ago
Which of the following offering types can only be used with seasoned offerings?I.Bought dealII.Best ...
Which of the following offering types can only be used with seasoned offerings?I.Bought dealII.Best ...
[html]Which of the following offering types can only be used with seasoned offerings?
I.Bought deal
Finance   adotey   8   naj2008h   4 days ago
Which of the following is characterized as an unsecured money market instrument?
Which of the following is characterized as an unsecured money market instrument?
Which of the following is characterized as an unsecured money market instrument?

▸ Commercial paper

▸ Debentures

▸ Treasury bill

▸ All of the above

▸ A and C
Finance   kitkat867   8   Gimor1220   4 days ago
T-bill yields are quoted on a(n) ________ basis.
T-bill yields are quoted on a(n) ________ basis.
T-bill yields are quoted on a(n) ________ basis.

▸ discount

▸ compound interest

▸ after-tax

▸ none of the above
Finance   youngbloodz   8   micapiro   4 days ago
The objective of ______ is to gauge the degree to which group members and/or the leader have ...
The objective of ______ is to gauge the degree to which group members and/or the leader have ...
The objective of ______ is to gauge the degree to which group members and/or the leader have completed agreed-upon intervention tasks.
 
 
 
  a. Single subject design
  b. Task achievement scaling
  c. A satisfaction questionnaire
 
 
Human Resources   myahwatsonnnnn   8   julieh2180   6 years ago
The decision to have coleaders should be based on the needs of the group members rather than on ...
The decision to have coleaders should be based on the needs of the group members rather than on ...
The decision to have coleaders should be based on the needs of the group members rather than on group facilitators preferences for individual or dual leadership.
 
 
 
  a. True
  b. False
Human Resources   asteriskek   8   2   6 years ago
The _____ theory of leadership asserts that when members have low maturity in terms of accomplishing ...
The _____ theory of leadership asserts that when members have low maturity in terms of accomplishing ...
The _____ theory of leadership asserts that when members have low maturity in terms of accomplishing a specific task, the leader should engage in high task behaviors and low maintenance behaviors.
 
 
 
  a. Position
  b. Trait
  c. Situational
  d. Democratic
Human Resources   nhuynh0122   8   Caellis1962   6 years ago
The _________ approach to leadership involves someone who looks to the needs of the group, working ...
The _________ approach to leadership involves someone who looks to the needs of the group, working ...
The _________ approach to leadership involves someone who looks to the needs of the group, working with, and asking herself how he or she can help, the members to solve problems and promote their personal development.
 
 
 
  a. Trait
  b. Position
  c. Servant-leadership
  d. Leadership-style
Human Resources   kesgirl   8   erical5   6 years ago
Traditionally, older adults have been portrayed in a __________ manner by the American media.
Traditionally, older adults have been portrayed in a __________ manner by the American media.
Traditionally, older adults have been portrayed in a __________ manner by the American media.
 
  A) traditional
  B) normal
  C) stereotypical
  D) average
Human Resources   kaaanaaa2   8   uniquwep   6 years ago
Resistance in a group can be seen as :
Resistance in a group can be seen as :
Resistance in a group can be seen as
 
  A) not normal
  B) something that should be avoided at all costs
  C) a bad attitude on the part of the member
  D) potential material for productive exploration
Human Resources   kimberlieeike   8   2   6 years ago
Cohesion and universality are most closely associated with the :
Cohesion and universality are most closely associated with the :
Cohesion and universality are most closely associated with the
 
  A) working stage
  B) transition stage
  C) pre-group stage
  D) initial stage
Human Resources   daniellemaslon   8   Dasaherals   6 years ago
Which of the following is NOT typically a co-leadership issue at the working stage?
Which of the following is NOT typically a co-leadership issue at the working stage?
Which of the following is NOT typically a co-leadership issue at the working stage?
 
  A) discussion of techniques
  B) bringing closure to the group's experience
  C) evaluation of the group
  D) theoretical orientations
Human Resources   danusha   8   SarahSureShot   6 years ago
___________ can be fostered indirectly by helping clients feel that it is all right to say and do ...
___________ can be fostered indirectly by helping clients feel that it is all right to say and do ...
___________ can be fostered indirectly by helping clients feel that it is all right to say and do many of the things they have been preventing themselves from saying or doing.
 
  A) being closed to change
  B) having specific goals
  C) a willingness to explore problems in the group
  D) an ability to express fears and negative feelings
Human Resources   shabazz627   8   2   6 years ago
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