The degree of operating leverage is equal to:

Sung Office Products just announced it is decreasing its annual dividend from $2.20 per share to $1.85 per share effective immediately. If the dividend yield remains at its pre-announcement level, then you know the stock price:

Assume all else held constant. If you pay your suppliers three days sooner, then:

A firm with a flexible short-term financial policy will:

A project with an initial investment of $448,100 will generate equal annual cash flows over its 9-year life. The project has a required return of 8.8 percent. What is the minimum annual cash flow required to accept the project?

Cori’s Dog House is considering the installation of a new computerized pressure cooker for hot dogs. The cooker will increase sales by $8,600 per year and will cut annual operating costs by $14,700. The system will cost $50,400 to purchase and install. This system is expected to have a 7-year life and will be depreciated to zero using straight-line depreciation and have no salvage value. The tax rate is 21 percent and the required return is 12.2 percent. What is the NPV of purchasing the pressure cooker?

A stock had returns of 17.43 percent, −4.89 percent, and 20.12 percent for the past three years. What is the variance of the returns?

The Cellar Door currently sells 1,849 units per month for total monthly sales of $627,800. The company is considering replacing its current cash-only credit policy with a net 30 policy. The variable cost per unit is $214 and the monthly interest rate is .87 percent. What is the new sales quantity at the switch break-even level of sales?

The top-down approach to computing the operating cash flow:

Which one of the following is defined by its mean and its standard deviation?