You are a retired worker whose income is derived from your company pension plan and social
security.
However, you are highly dependent upon the income generated from your 401(k) plan,
which is heavily weighted in stocks that pay substantial dividends. Which of the following
dividend policies would you prefer?
A) constant dividend payment ratio
B) small, regular dividend plus a year-end extra
C) stable dollar dividend per share
D) Any of the above would be equally desirable.
C
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Management cannot influence the price of a new product. The market price is $100 per unit. The estimated production cost is $30 per unit. The estimated nonproduction cost is $40 per unit
If the gross profit is 40 percent of the market price, what is the target cost of the new product? A) $30 B) $40 C) $60 D) $70
Under the accrual basis of accounting, at what point in time should a fast food restaurant recognize revenue? _________________________
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