The substantiation test for false and misleading advertising requires:
A) scientific tests
B) consumer testimonials
C) competent and reliable evidence
D) the average person to be convinced it is not false and misleading
C
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Determine the sum of the median values that are obtained to assess the effect of seasonality in each quarter
A) 154.88 B) 359.08 C) 393.36 D) 400
Calculate EVA for the Gold Division
Stonex Corp, whose tax rate is 40%, has two sources of funds: long-term debt with a market value of $6,000,000 and an interest rate of 8%, and equity capital with a market value of $14,000,000 and a cost of equity of 12%. Stonex has two operating divisions, the Blue division and the Gold division, with the following financial measures for the current year: Total Assets Current Liabilities Operating Income Blue Div. $9,500,000 $2,500,000 $1,155,000 Gold Div. $10,000,000 $2,400,000 $1,200,000 A) ($57,640) B) ($27,840) C) ($37,340) D) $397,440