delisting their shares from exchanges. Josh, in turn, states that such a choice comes with its own drawbacks. Which of the following statements best supports Josh’ s argument? A.
Companies that choose to go dark typically have only limited access to capital markets.
B. Mandatory annual audits by independent auditors are carried out regardless of whether or not companies choose to go dark.
C. Executives of companies that choose to go dark are required to certify the accuracy of financial statements. D.
Companies that go dark are required to file annual reports. 19 Robert is a manager of a small-scale firm. He needs to decide whether the firm has sufficient resources to meet its short-term obligations. Calculate the ratio that Robert needs to calculate from the information given below. Cash and cash equivalents $ 1,057,600 Accounts receivables
1,556,500 Short-term investments 770,300 Other current assets 420,500 Accounts payable 995,700 Long-term debt 528,000 Short-term debt 176,000 Other current liabilities 2,495,700 A. Current ratio of 0.92
B. Current ratio of 1.04
C. Debt ratio of 0.91 D. Debt ratio of 1.26 20 Mark wants to withdraw $ 6,500 at the end of three years and $ 8,000 at the end of five years. He wants to do this in such a way that the account balance drops to zero after the last withdrawal. Assuming that the interest rate is 5 %, how much money should Mark deposit today to ensure that his needs are met? A. $ 11,883.15
B. $ 653.26
C. 5,614.94 D. $ 6,268.21 21 Darrin Corporation is considering a proposal to purchase a new piece of equipment. The cost of the equipment is $ 16,611. The equipment is estimated to provide an annual cash flow of $ 3,000 for the next nine years. The company has a required rate of return of 15 %. Calculate the internal rate of return( IRR), and interpret the results. Use the present value of an annuity table. • Since the cash flows are evenly distributed, the proposal should be accepted.
• Since the IRR is lesser than the required rate of return, the proposal should be rejected.
• Since the capital investment is higher than $ 15,000, the proposal should be rejected. • Since the IRR is greater than the required rate of return, the proposal should be accepted. 22 Calculate the total equivalent units for materials from the information given below. Percentage complete Units Materials
Conversion Work in process, June 1 1,100 60 % 35 % Units started into production during June 22,500 Units completed and transferred to the next department 21,800 100 % 100 % Work in process, June 30 1,800 50 % 15 % A. 2,070
B. 23,400
C. 22,700
D. 21,260 23 Bob is a project leader in a software company. He assigns tasks to his team members, explains how to execute the tasks, and sets weekly goals for them. He convenes meetings to discuss the progress of projects at each stage of execution and does not bother about the personal issues of his team when he evaluates any dip in their performance with respect to the targets he set. In accordance with House’ s path-goal theory, which of the following leadership behaviors does Bob