Sprint Nextel Corp

question 11

Multiple Choice

Sprint Nextel Corp. stock ended the previous year at $25.00 per share. It paid a $2.57 per share dividend last year. It ended last year at $18.89. If you owned 650 shares of Sprint, what was your dollar return and percent return?

• A) $2,960, 11.13 percent
• B) −$4,960, −16.13 percent
• C) −$3,960, −15.13 percent
• D) −$2,301, −14.16 percent

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Definitions:

Operating Budget

A detailed projection of all estimated income and expenses based on forecasted sales revenue during a given period, often one year.

Budgeted Financial Statements

Financial statements that project the financial position and performance of a company based on expected income, expenses, and cash flows.

Financial Results

The outcome of a company's operations and activities in terms of income, expenses, and profit over a specific period.

Sales Forecasting

The process of estimating future sales volumes to make informed business decisions regarding inventory levels, workforce, and financial planning.