Choose the definition and example for a rolling budget.
a. a rolling budgeting explicitly incorporates continuous improvement anticipated during the budget period into the budget numbers. the budget would incorporate continuous improvement resulting from, for example, employee suggestions for doing the work faster or reducing idle time.
b. the rolling budget is the usual starting point for the operating budget. the revenues are budgeted with the thought to "roll" the sales level to the highest obtainable level.
c. the rolling budget comprises the financial projections of all the individual budgets for a company for a specified period, usually a fiscal year. before the fiscal year is over, a new budget is prepared for the next fiscal year.
d. a rolling budget is a budget or plan that is always available for a specified future period, by continually adding a period (month, quarter, or year) to the period that just ended. a four-quarter rolling budget for 2017 is superseded by a four-quarter rolling budget for april 2017 to march 2018, and so on. c

At a student café, there are equal numbers of two types of customers with the following values. the café owner cannot distinguish between the two types of students because many students without early classes arrive early anyway (i.e., she cannot price-discriminate). students with early classes students without early classes coffee 70 60 banana 51 101 the marginal cost of coffee is 10 and the marginal cost of a banana is 40. the café owner is considering three pricing strategies: 1. mixed bundling: price bundle of coffee and a banana for 161, or just a coffee for 70. 2. price separately: offer coffee at 60, price a banana at 101. 3. bundle only: coffee and a banana for 121. do not offer goods separately. assume that if the price of an item or bundle is no more than exactly equal to a student's willingness to pay, then the student will purchase the item or bundle. for simplicity, assume there is just one student with an early class, and one student without an early class. price strategy revenue from pricing strategy cost from pricing strategy profit from pricing strategy 1. mixed bundling $ $ $ 2. price separately $ $ $ 3. bundle only $ $ $ pricing strategy yields the highest profit for the café owner.

Using a cps-sample of 7,440 individuals, you estimate the following regression: = 20.91 - 2.61 x female where female is a binary variable that takes on the value of 1 for females and is 0 otherwise. the standard error on the coefficient on female is 0.25. the 95% confidence interval for the gender wage gap, or the amount that females earn less, is: a) [-3.10, -2.12] b) [18.30, 23.52] c) [-3.02, -2.20] d) [-1.96, -1.64]

Storico co. just paid a dividend of $3.15 per share. the company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the required return on the company’s stock is 12 percent, what will a share of stock sell for today?