Which of the following is not an element of the Gordon growth model of stock valuation?
A) The stock's most recent dividend paid
B) The expected constant growth rate of dividends
C) The required return on investments in equity
D) The stock's expected future price
D
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What is the benefit of including a problem section in the activity report?
It provides an opportunity to vent and complain. It informs managers of competitors' actions that may affect operations. It provides a place to summarize regular activities.
The purchasing manager was able to bring down the cost of direct materials by purchasing direct materials of a slightly lower grade quality than the company had used previously
The lower grade of direct materials, however, meant a higher defect rate on the assembly line and higher wastage of direct materials during production, which in turn lowered operating income. This situation would lead to a(n) ________. A) favorable direct materials cost variance B) unfavorable direct labor cost variance C) favorable direct labor efficiency variance D) favorable direct materials efficiency variance