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1) A stock out occurs when a firm runs out of inventory and is unable to sell or deliver
the product requested.
2) The movement of non-brokerage firms into the brokerage area has forced traditional
securities firms to expand their staffs.
3) Warrants are considered in the computation of "diluted earnings per share," but not in
"basic earnings per share."
4) Multinational mergers provide economic and political diversification, which can lead
to a higher cost of capital for the new firm.
5) To receive a dividend on common stock, an investor must purchase the stock before
the ex-dividend date.
6) The yield to maturity is always equal to the interest payment of a bond.
7) We add depreciation to net income to arrive at a true earnings picture.
8) The value of ending inventory should be equal to beginning inventory plus total
production costs minus cost of goods sold.
9) The Internal Revenue Service generally places a higher tax rate on long-term capital
gains than it does upon ordinary or "qualified" dividends.
10) Over the decades, the times interest earned ratio of the Standard & Poor's 500
corporations has held fairly steady.
11) The largest net supplier of funds is the U.S. Treasury and other agencies of the
government.
