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- If the stock market is efficient, why do companies manage their earnings? O To avoid violating debt covenants. O To receive bonuses based on reported earnings. O Because companies do not believe the Efficient Market Hypothesis. O All of the above.What is the value of Ls stock for volatilities between 0.20 and 0.95? What incentives might the manager of L have if she understands this relationship? What might debtholders do in response?Which of the following is the reason that preferred dividends declared during the period are deducted from net income in calculating return on common stockholders’ equity? a. Preferred dividends are not paid from net income. b. Preferred dividends are not a part of stockholders’ equity. c. Preferred dividends are not paid until all common stockholders have received their dividends, so preferred dividends are not relevant in the formula and so must be taken out of the equation. d. Preferred dividends will reduce the amount of income available for distribution to common stockholders.
- Earnings that are not paid as dividends to stockholders and have cumulative amount are classified as A. non-paid earnings B. common earnings C. retained earnings D. preferredearningsWhich of the following statements about stockholders' equity is not true? Select one: Stockholders' equity may be increased or decreased by Accumulated Other Comprehensive Income. Stockholders' equity is decreased by Treasury Stock. Stockholders' equity is decreased by a deficit in Retained Earnings. Stockholders' equity is increased by Additional Paid in Capital.19. Which of the following statements relating to earnings per share is not true? __________ It is an often-reported measure of the potential return to stockholders. It is a financial measure. It is a cash measure. It is based on the accrual basis of accounting.
- 6. Fully explain Retained Earnings, Share Capital and Dividends. What arethey? Why are they important to a corporation and an investor? What occurswhen the company experiences negative net income (an accounting loss)?What happens if these losses continue over time?Which of the statements are not correct Select one: a. Profits refers to earnings before Interest and Taxes b. Investment decisions relate to pattern of financing c. Dividend pay out ratio refers to what proportion is paid to shareholders d. Borrowed funds are relatively cheaper than shareholders’ fundsRespond to Jerry’s criticism that shareholders’ equity does not represent the marketvalue of the company. What information does the balance sheet provide?
- A small stock dividend decreases common stock. has no effect on total equity. increases Retained Earnings. Items a, b, and c are correct.A. Why is the goal of financial management to maximize the current share price of the company's stock and not the future share price?The cost of retained earnings is less than the cost of ordinary shares because of *a. the issuance cost.b. agency costs of free cash flow.c. the taxation on earnings.d. the trust fund doctrine.
