Q28 a certain company expects quarterly earnings of

Info icon This preview shows pages 9–12. Sign up to view the full content.

View Full Document Right Arrow Icon
Q28: A certain company expects quarterly earnings of $0.80 per share of stock, half of which will be distributed as dividends to shareholders while the rest will be used for research and development. If earnings are greater than expected, shareholders will receive an additional $0.04 per share for each additional $0.10 of per share earnings. If quarterly earnings are $1.10 per share, what will be the dividend paid to a person who owns 200 shares of the company’s stock? 9
Image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
A. $92 B. $96 C. $104 D. $120 E. $240 Answer: ------------------------------------------------------------------------------------------------------------ Q29: For which real numbers x is the expression ) 1 )( 2 ( 2 + - x x not defined? ------------------------------------------------------------------------------------------------------------ Q30: What is the value of (2 x – 5) 3 ? (1) (2 x ) 3 = 216 (2) (2 x + 3) 2 = 81 ------------------------------------------------------------------------------------------------------------ Q31: Phobus, one of the satellites of Mars, revolves about Mars at a distance of approximately 5,800 miles from the center of Mars and approximately 3,700 miles from the surface of Mars. If it is assumed that Mars is spherical and the orbit of Phobus is circular, what is the approximate circumference, in miles, of Mars at its equator? ------------------------------------------------------------------------------------------------------------ Q32: 10
Image of page 10
In the decimal representation of x , where 0 < x < 1, is the tenths digit of x nonzero? (1) 16 x is an integer. (2) 8 x is an integer. A. Statement (1) ALONE is sufficient, but statement (2) alone is not sufficient. B. Statement (2) ALONE is sufficient, but statement (1) alone is not sufficient. C. BOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient. D. EACH statement ALONE is sufficient. E. Statements (1) and (2) TOGETHER are NOT sufficient. Answer: ------------------------------------------------------------------------------------------------------------ Q33: A small business invests $9,900 in equipment to produce a product. Each unit of the product costs $0.65 to produce and is sold for $1.20. How many units of the product must be sold before the revenue received equals the total expense of production, including the initial investment in equipment? ------------------------------------------------------------------------------------------------------------ Q34: A merchant discounted the sale price of a coat and the sale price of a sweater. Which of the two articles of clothing was discounted by the greater dollar amount? (1)The percent discount on the coat was 2 percentage points greater than the percent discount on the sweater. (2)Before the discounts, the sale price of the coat was $10 less than the sale price of the sweater. ------------------------------------------------------------------------------------------------------------
Image of page 11

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 12
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern