Suppose that all of the fast-food restaurants in the entire world are purchased by one firm. Relative to the current (competitive) price and quantity (and assuming that nothing else has changed), we would expect the monopolist to:

• A.sell more and charge less.
• B.sell more and charge more.
• C.sell less and charge more.

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WePay, Inc. made the following dividend declaration:
"The Board of Directors of WePay, Inc. has declared a regular quarterly dividend of $0.25 per share payable June 13, 2001 (a Wednesday) to all stockholders-of-record as of the close of business on May 17,
2 001 (a Thursday)."
Assuming a three day settlement for WePay stock and no holidays in the weeks surrounding the record and payment dates, determine the ex-dividend date.

• A.Tuesday May 15, 2001
• B.Monday May 14, 2001
• C.Monday June 11, 2001

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In Harvey, N.D. three local banks have issued no-interest loans in the form of Harvey Bucks. They can be spent in local stores. Retailers get 95 U.S. cents for each Harvey Buck. From this information you can conclude that Harvey Bucks:

• A.although less liquid than Fed Notes, are money because they are accepted as money and they are assets of everyone who holds them.
• B.are not money because they are liabilities for consumers who have been issued Harvey Bucks.
• C.are not money because they are not backed by the Federal government.

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Cash is received for services not yet performed. This transaction affects an asset account and a(n)

• A.asset account.
• B.liability account.
• C.revenue account.

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A distribution of 6 scores has a median of 21. If the highest score increases 3 points, the median will become _______.

• A.21
• B.24
• C.Cannot be determined without additional information.

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