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NEW QUESTION: 1
You are using the import Extended user information function to perform the background information data import.
You select the Import by re-loading all data with your new changes' Option What happens to the data that already exists? Please choose the correct answer.
A. All records in the sections that you are importing remain.
B. All records in the sections that you are importing are deleted. This affects all employees.
C. All records in the sections that you are NOT importing are deleted. This affects ONLY the employee in the file.
D. All records in the sections that you are importing are deleted. This affects only the employees in the file.
Answer: B

NEW QUESTION: 2
Suppose capital gains are taxed at 28% and realized income is taxed at 40%. The tax preference theory implies that as the dividend pay-out ratio is increased, the stock price:
A. increases.
B. increases or decreases.
C. decreases.
D. remains unaffected.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Since the capital gains tax rate is lower than the realized income tax rate, investors would prefer to defer the realization of this income through the capital gains component. Hence, increasing the payout ratio will make the stock less attractive and depress the price.

NEW QUESTION: 3

A. Option B
B. Option A
C. Option C
D. Option D
Answer: B