Suppose that an MNC attempts to alleviate agency problems by granting managers of MNC subsidiaries shares of stock in the MNC This is an example of control of agency problems. Under a decentralized management style, more control is given to those managers who are closest to the business operations of the foreign subsidiaries. True False

For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?

Consider the following information on stocks a, b, c and their returns (in decimals) in each state: state prob. of state a b c boom 20% 0.27 0.22 0.16 good 45% 0.16 0.09 0.07 poor 25% 0.03 0 0.03 bust 10% -0.08 -0.04 -0.02 if your portfolio is invested 25% in a, 40% in b, and 35% in c, what is the standard deviation of the portfolio in percent? answer to two decimals, carry intermediate calcs. to at least four decimals.

When a market is in equilibrium, the buyers are those with the willingness to pay and the sellers are those with the costs.