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Question
Mercury Homes just declared a 4-for 3 stock split. Which of the following occurred as a result of this split?
I. number of shares outstanding increased by 1/3
II. number of shares outstanding decreased by 1/4
III. price per share increased by 1/3
IV. price per share decreased by 1/4
A. I only
B. I and III only
C. I and IV only
D. II and III only
E. II and IV only
Answer
This answer is hidden. It contains 20 characters.
Related questions
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Which one of the following statements is correct?
A. If a firm decreases its inventory period, its accounts receivable period will also decrease.
B. The longer the cash cycle, the more cash a firm typically has available to invest.
C. A firm would prefer a negative cash cycle over a positive cash cycle.
D. Decreasing the inventory period will also decrease the payables period.
E. Both the operating cycle and the cash cycle must be positive values.
Q:
Suppose that Martin Metal Products changes its policy and starts requiring all of its customers to pay within 20 days rather than the 30 days that it currently allows. Which one of the following will result from this change?
A. Increase in receivables period
B. Increase in inventory period
C. Decrease in cash cycle
D. Increase in operating cycle
E. Increase in accounts payable period
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Which one of the following firms is most apt to have the shortest inventory period?
A. General merchandise retail store
B. Hardware store
C. Furniture store
D. Locomotive manufacturer
E. Delicatessen
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Which one of the following industries is most apt to have the shortest operating cycle?
A. Toy store
B. Car manufacturer
C. Local restaurant
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E. Plastics manufacturer
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Which one of the following statements is true, all else constant?
A. A decrease in the accounts receivable turnover rate decreases the cash cycle.
B. Paying a supplier within the discount period, rather than waiting until the end of the normal credit period, will decrease the cash cycle.
C. The cash cycle can never be negative.
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E. The payables period must be shorter than the receivables period.
Q:
Which one of the following is a use of cash?
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B. Paying a supplier for inventory you purchased last month
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D. Collecting payment from a customer
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Q:
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Q:
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Q:
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Q:
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A. Firms often pay higher interest rates on term loans than on public issues of debt.
B. The only difference between a term loan and a private placement is the size of the issue.
C. A prospectus is required for equity issues but not for debt issues.
D. The flotation costs of issuing debt tend to be more expensive than for issuing equity.
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Q:
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A. Tracie could have earned a maximum profit of 100($23 - 17) on her investment.
B. Phil could have sold 5,000 shares at $23 per share.
C. The underwriters earned a spread equal to 8 percent of $17.
D. The maximum price at which Terry could have sold shares is $21.
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Q:
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Q:
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D. $14.96
E. $15.00
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B. $1.24
C. $1.49
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Q:
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Q:
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Q:
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A. Wednesday, February 10
B. Thursday, February 11
C. Monday, March 1
D. Tuesday, March 2
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A. Friday, November 27
B. Monday, November 30
C. Wednesday, December 2
D. Thursday, December 3
E. Friday, December 4
Q:
Which one of the following dates is the date on which the board of directors votes to pay a dividend?
A. Record date
B. Declaration date
C. Ex-dividend date
D. Payment date
E. Settlement date
Q:
This morning, Lambert Materials bought 10,000 of its outstanding shares in the open market. What type of transaction was this?
A. Stock payout
B. Stock distribution
C. Stock dividend
D. Stock repurchase
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Q:
The clientele effect states that investors fall into various groups because of differences in their preferences for which one of the following?
A. Share price levels
B. Risk level
C. Short-term versus long-term investments
D. Rates of return
E. Dividends
Q:
The ex-dividend date is defined as _____ day(s) before the date of record.
A. three business
B. three
C. two business
D. two
E. one