Ajax Inc of Toronto Has a Market Value Equal to Its

question 140

Multiple Choice

Ajax Inc of Toronto has a market value equal to its book value. Currently, the firm has excess cash of $2,000 and other assets of $13,000. Equity is worth $15,000. The firm has 1,000 shares of stock outstanding and net income of $2,500. By what percent does the stock price per share change if the firm pays out its excess cash as a cash dividend?

• A) -16.67 percent
• B) -13.33 percent
• C) 0.00 percent
• D) 13.33 percent
• E) 16.67 percent

Understand the principles and effectiveness of using pie charts to represent data.

Learn guidelines for constructing and labeling pie charts correctly.

Identify appropriate graphical representations for different types of data.

Recognize the importance of titles, source documentation, and additional explanations in tables and charts.

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Definitions:

Impending Death

The imminent or nearing occurrence of death, often used in contexts of terminal illness or critical health situations.

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A state of physical ease and freedom from pain or constraint.

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Female offspring two generations removed, such as the grandchildren of one's son or daughter.

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A caregiving activity involving the grooming of a living facility resident's hair to maintain hygiene and personal appearance.