Research evidence suggests that organizational citizenship behavior benefits

A) mostly the individual.
B) both the individual and the organization.
C) mostly the organization.
D) neither the individual nor the organization.

Answer: B

Business

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What type of account is Prepaid Rent, and what is its normal balance?

A) It is an expense account and has a debit balance. B) It is a liability account and has a credit balance. C) It is a revenue account and has a credit balance. D) It is an asset account and has a debit balance.

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Banco Industries expect sales to grow at a rapid rate over the next 3 years, but settle to an industry growth rate of 5% in year 4

FCF Forecast ($ million) Year 0 1 2 3 4 Sales 240 270 290 310 325.5 Growth versus Prior Year 12.5% 7.4% 6.9% 5.0% EBIT (10% of Sales) 27.00 29.00 31.00 32.55 Less: Income Tax (37%) (9.99) (10.73) (11.47) (12.44) Less Increase in NWC (12% of Change in Sales 3.6 2.4 2.4 1.86 Free Cash Flow 13.41 15.87 17.13 18.65 The spreadsheet above shows a simplified pro forma for Banco Industries. Banco industries has a weighted average cost of capital of 11%, $40 million in cash, $70 million in debt, and 18 million shares outstanding. If Banco Industries can reduce its operating expenses so that EBIT becomes 12% of sales, by how much will its stock price increase? A) $3.27 B) $3.92 C) $5.72 D) $9.80

Business