Which of the following statements are true regarding the intrinsic value of a stock? It is the present value of the cash payoffs anticipated by the investor who buys the stock. It is the price that should be observed in a well-functioning stock market It is a theoretical value that is never actually observed in practice It is based on the recent historical returns of the stock

Exercise 2-12 cost behavior; high-low method [lo2-3, lo2-4] speedy parcel service operates a fleet of delivery trucks in a large metropolitan area. a careful study by the company’s cost analyst has determined that if a truck is driven 120,000 miles during a year, the average operating cost is 11.6 cents per mile. if a truck is driven only 80,000 miles during a year, the average operating cost increases to 13.6 cents per mile. required: 1.& 2. using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (round the "variable cost per mile" to 3 decimal places.)

Circumstances under which pro-forma invoice may be used

Free rein leaders can be described as: a. dictatorial b. authoritarian c. democratic d. permissive