Calculate payout ratio given the following information: EBIT $100,000; tax rate 30%; dividends paid $24,500.

A) 35%
B) 65%
C) 40%
D) 50%
E) 70%

Benefits of evaluations of specific groups do not usually include

A) Improving leaders' skills
B) Demonstrate the usefulness of a group
C) Encourage members to share their satisfactions and dissatisfactions with the group
D) Enables administrators to fire or sanction a group leader

SesameSweet Inc. has 220,000 shares outstanding with a market price of $12 per share. On the balance sheet, common stock is $760,000, and retained earnings are $275,000. There are no transactions costs. Suppose SesameSweet declares a 3-for-1 stock split. What is the market price of a share of the company's stock after the split?

A) $4.00
B) $5.75
C) $6.00
D) $8.00
E) $36.00

The organisational targets for planned change include all of the following EXCEPT:

A) tasks.
B) people.
C) structure and technology.
D) social forces.
E) culture.

Suppose the personal tax rate on dividend income increases. All else equal, one would expect the cost of equity for high-dividend firms to decrease.

Steven consumes staples and paper clips.He is maximizing his utility in consumption of both goods.The price of staples rises.After the change in price,Steven should consume _____ staples and _____ paper clips.

A) more;fewer
B) more;more
C) fewer;more
D) fewer;fewer