Answer: Weak form EMH
Explanation:
Weak form efficiency is also called the random walk theory states that past volume, price movements and earnings do not affect the price of a stock and can not be used to forecast its future direction. Weak form efficiency states that prices of future securities are random and not determined by past events and that there is no relationship between past information and current market prices.
The principle of weak form efficiency has been contradicted because other investors are making use of Joe's past information to create a trading pattern.
Answer:
$2.4 million
Explanation:
Given that
Earnings before interest and tax (EBIT) = 3 million
Depreciation = 1.2 million
Tax rate = 40%
Capital expenditure + Net operating working capital (NOWC) = 0.6 million
Recall that
Free cash flow = EBIT (1 - T) + depreciation - ( Capital expenditure + NOWC)
Therefore,
FCF = 3 (1 - 0.4) + 1.2 - 0.6
= 1.8 + 1.2 - 0.6
= 3.0 - 0.6
= $2.4 million
Answer: $950 Unfavorable
Explanation:
Following the information given in the question, the budgeted operating cost will be calculated as the addition of the fixed cost and the variable cost given and this will be:
= $2,980 + ($328 × Level of activity)
= $2980 + ($328 × 20)
= $2980 + $6560
= $9540
Since the actual operating cost is $10,490, then the Spending Variance for the vehicle operating cost will be:
= Flexible Budget - Actual Budget
= $9,540 - $10490
= $950 Unfavorable
Answer: d) None of the above
Explanation:
The profit on the sale is not a referral fee as Joanna did not facilitate a transaction between her clients and the people she bought the products for.
It is not a commission either because it is not a percentage of the products price earned as an incentive or extra fee for selling the products.
Her selling these products is allowed.
The answer is therefore None of the Above.
Answer: strong matrix
Explanation:
The strong matrix is a structure that would be most appropriate for developing a new, highly innovative product that has strict time constraints
In a strong matrix, it should be noted that the project manager has a wider control and also, the functional departments simply act as the subordinate with regards to the project.