Millie owns stock in an energy company. She has noticed that the market value of her stock does not seem to fall when the company issues no dividends. 1. The market's response to the company supports the idea of .
a. dividend irrelevance.
b. information asymmetry.
c. re-investment bias.
d. the dividend effect.
2. What is one advantage of NPV as a capital budget method?
a. It is equally accurate whether cash flows are known or estimated.
b. It accounts fully for opportunity costs.
c. It is flexible, in the sense that the discount rate can be adjusted to account for factors like risk.
d. Cash flows and the discount rate are easy to accurately determine.
3. What is a question that should be asked about accounts receivable when forecasting?
a. What is the lead time needed to replenish goods?
b. What percentage of sales will likely be made on credit?
c. What do we anticipate owing to our suppliers?
d. Are we taking on too much debt?
4. When managing its cash, a company should make use of float to .
a. set aside cash for future payments.
b. increase the length of the disbursement cycle.
c. make payments before they come due.
d. decrease the length of time for a payment to clear the bank.

You have just been hired as a brand manager at kelsey-white, an american multinational consumer goods company. recently the firm invested in the development of k-w vision, a series of systems and processes that allow the use of up-to-date data and advanced analytics to drive informed decision making about k-w brands. it is 2018. the system is populated with 3 years of historical data. as brand manager for k-w’s blue laundry detergent, you are tasked to lead the brand's turnaround. use the vision platform to to develop your strategy and grow blue’s market share over the next 4 years.

1. revising for conciseness - eliminating flabby expressions,limiting long lead-ins, and dropping unnecessary fillerstime is money in any business environment. people want information communicated quickly and clearly. to make your writing more concise and understandable, avoid flabby expressions, long lead-ins, and unnecessary fillers. your audience will appreciate your brevity.1. if your writing contains a flabby expression like in view of the fact that, replace it with the word because / although / probably .for each of the following two sentences, choose the best revision.2. i am sending you this letter to inform you that we have experienced an unexpected surprise within our expense sheet, but we are positively certain we will solve it.1) we need to inform you that we have experienced an unexpected surprise with our expense sheet, but we are midway to an end result.2) we have identified a problem with our expense sheet, but we will solve it.3) i am sending you this letter to inform you that we have a problem with our expense sheet, but we are positively certain we have a solution.3. it is the user who should contact the center.1) everyone knows that it is the user who should contact the center.2) the user should contact the center.3) if there is a problem, the user should contact the center.read the following passage, and then answer the question.[1] you scheduled seven conference calls for this morning between 10 and 11 a.m. [2] generally, the company limits the number of conference calls to three per hour. [3] i’m letting you know that in the future, we should be more careful about scheduling.4. which revision limits the long lead-in in sentence 3? 1) in the future, we should be more careful about scheduling.2) i’m letting you know so that in the future we are more careful about scheduling calls.3) so that you know in the future, we should be more careful about scheduling.

Heather has been an active participant in a defined benefit plan for 19 years. during her last 6 years of employment, heather earned $42,000, $48,000, $56,000, $80,000, $89,000, and $108,000, respectively (representing her highest-income years). calculate heather’s maximum allowable benefits from her qualified plan (assume that there are fewer than 100 participants). assume that heather’s average compensation for her three highest years is $199,700. calculate her maximum allowable benefits.