Consider the following events:
S1: Fed decreases interest rates in the first quarter of 2002.
S2: Fed increases interest rates in the first quarter of 2002.
S3: Fed leaves interest rates unchanged in the first quarter of 2002.
X: Earnings per share for a certain stock.
We have the following information: P(S1)=0.20, P(S2)=0.35, P(S3)=0.45, E(X)=2.8865, E(X|S2)=3.00,
E(X|S3)=2.85.
What is the expected value of EPS, given a decrease in the interest rate?

Which of the following should be classified as operating cash flow?
I). interest paid on borrowed funds.
II). dividends paid to stockholders.
III). interest income.
IV). dividend income.

On January 1, a business exchanged a plant asset with a book value of $1,500 for a similar asset that had a price of $23,000. The business received a trade-in allowance of $2,100 on the old plant asset. What was the result of the exchange?

The owners of a firm are earning economic profit if

If a company estimates that its expected return on pension plan assets will increase to 9.5% from 9.0% this would be considered ________.