Answer:
The correct option is A
Explanation:
If we take a look at Subject/Verb agreement, pronoun agreements, and modifying phrases, we can see that option A tests OK for all the above tests.
In option B, using the word "they" is a wrong pronoun and does have a referent. Hence this option is also wrong.
Option C and D: The statement clearly states that users are replacing their PCs and hence using the prepositional phrase "beginning" with "for" makes this option invalid.
Option E: It is not personal computer users that are in the beginning of the cycle so this is a logically wrong.
What is the distinction between automatic and discretionary fiscal policy? Automatic fiscal policy is ______. Discretionary fiscal policy is ______ . a. the multiplier effect that follows an increase in government expenditure; initiated by an act of Congress b. triggered by the state of the economy with no action by government; initiated by an act of Congress c. the multiplier effect that follows an increase in government expenditure; initiated by the President of the United States d. triggered by the state of the economy with no action by government; initiated by the President of the United States
Answer:
The correct answer is option b.
Explanation:
An automatic fiscal policy is a policy that corrects the fluctuations in the economy through its normal working without any intervention by the government.
A discretionary fiscal policy, on the other hand, is planned and excercised by the government.
It works through increase in taxes or reduction in the government spending without government.
In Year 1, Costello Company performed work for a customer and billed the customer $10,000. In Year 2, the customer pays Costello Company for the services it rendered in Year 1. In Year 1, the company incurred $3,000 of wage expense, but it did not pay the employees until Year 2. If Costello Company uses the cash-basis of accounting, then it will report
Answer:
$7000
Explanation:
Date transaction Amount$
Yr 1. Revenue. 00000
Yr 1. Wages. - 0000
Yr2. Revenue. 10000
Yr2. Wages. 3000
Yr2. Ending bal. 7000
In our macro Circular Flow, the Businesses are choosing to invest _____________ billion dollars..
Answer:
Total invest in macro circular flow is 3500 billion dollar.
Explanation:
Total invest in macro circular flow is 3500 billion dollar.
circular flow of economics is representation of circle which explain the economy condition of the market. it explain the inflow and outflow in economy. it keeps the record of money outflow and inflow.
It represent the basic relation that exist between the government, manufacturer and households. How money exchange through all these above stages.
Sally has seen such great interest in her scented candles that she has decided to start her own small business selling them. Sally's company can use the Internet and the World Wide Web to operate globally, helping her get a global business started more easily because she can put products on a website and sell worldwide. So, in a sense, the Internet wipes out the former advantages of distribution and scope that large companies used to have.
A. True
B. False
Answer: True
Explanation:
Sally by taking her business to the internet can now be able to reach a global customer base, therefore this increases her business scope.
This implies she can now reach the same wide range of distribution of customers with a her small business as large companies could, by simply creating a website for her business and placing it on the world wide web.
Which career pathway requires that employees have stamina, stress-management skills, confidence, persuasiveness, and specialized knowledge about a product or service? a. Professional Sales and Marketing b. Marketing Information Management and Research c. Marketing Communications and Promotion d. Buying and Merchandising
Answer:
a. Professional sales and marketing
Explanation:
Sales and marketing team of any company play a vital role in developing business and making it profitable, however, it require lot of hard work, planning, stamina, and stress management, which help the sales and marketing professionals to meet up the company´s target. Sales and marketing are pulse of the company, without it no other department will grow as there will be lack of business. Confidence, persuasiveness and knowledge are key for making sales. A good sales person are the one who knows what is he/she selling, and whom to sell.
The career pathway requiring stamina, stress-management skills, confidence, persuasiveness, and specialized knowledge is Professional Sales and Marketing, which emphasizes strong communication, detail-orientation, integrity, and dexterity.
The career pathway that requires employees to have stamina, stress-management skills, confidence, persuasiveness, and specialized knowledge about a product or service is a. Professional Sales and Marketing. This field necessitates a high level of communication skills, as professionals must effectively convey the value of their products or services to potential clients. Additionally, those in sales and marketing must be detail-oriented and have the dexterity to navigate the dynamic nature of customer interactions. Furthermore, integrity is crucial in building trusting relationships, while physical stamina and stress-management are important to handle the often-demanding nature of the job.
Far Side Corporation is expected to pay the following dividends over the next four years: $11, $8, $5, and $2.
Afterward, the company pledges to maintain a constant growth rate in dividends forever. If the required rate of return on the stock is 12 percent, what is the current share price?
Answer:
Current price of share=40.1
Explanation:
The current value of a share is the present value of future dividends in perpetuity, discounted at the cost of equity (i.e. the return required by the providers of equity capital).
Based on the above discussion the share price shall be calculated as:
Present value of year 1 dividend=11(1+12%)^-1=9.82
Present value of year 2 dividend=8(1+12%)^-2=6.38
Present value of year 1 dividend=5(1+12%)^-3=3.56
Present value of year 1 dividend=2(1+12%)^-4=1.27
Present value of dividend after year 4=(d(1+g)/ke-g)(1+ke)^-4=(2(1+5%)/12%-5%)(1+12%)^-4=19.07
(Assuming that dividend growth rate is 5% after year 4)
Current price of share=40.1
(9.82+6.38+3.56+1.27+19.07)
The project plan is supported by:
1. The work breakdown structure, the budget, and the work packages.
2. The work breakdown structure, the budget, and the schedule.
3. The work breakdown structure, the work packages, and the schedule.
4. The work breakdown structure, the schedule, and the contingency plan.
Answer:
3. The work breakdown structure, the work packages, the budget and the schedule.
Explanation:
Supporting plans for the Project plan includes:
Resource plansCommunication PlansRisk management plans Quality plansBudget Procurement plans ScopeDelivery scheduleBased on this we can say that option 3 is correct since it includes budget & schedules.
Falls River Bank receives a check drawn on the account of Get-Rich Industries, Inc., one of the bank’s customers, at 3 p.m. Friday. Hildy, the presenter of the check, is not one of the bank’s customers. The bank uses deferred posting with a 2 p.m. cutoff hour. If it decides to dishonor the check, it must do so by midnight:____________
Answer:
Tuesday
Explanation:
In order for a bank to pay a check, it must be passed on before receipt. Since Falls River Bank uses deferred posting, and the check was presented after the cutoff hour, it will be considered received the next business day. in this case the next business day is Monday. Then the bank has two business days to return a check.
If the bank is not going to pay the check and return it, it must do it before Tuesday at midnight.
1. Do you see Sony as an innovator in its industries of electronics, semiconductors, computers, video games, and telecommunications equipment? Why or why not?
2. Sony has a vision of "using our unlimited passion for technology, content and services to deliver groundbreaking new excitement and entertainment." The mission is even clearer. Sony is "a company that inspires and fulfills your curiosity." Does Sony inspire and fulfill your curiosity? Why or why not? Explain.
Answer: Question 1: I do see Sony as an innovator in its industries of electronics, semiconductors, computers, video games, and telecommunications because they have created several products in all of these industries.
Question 2: Sony is a company that inspires and fulfills my curiosity because they have made significant leeway in the world of technology and have created amazing and useful technical products.
Hope this helps! :)
Explanation:
Sony is an innovator in its technology sectors because it is always developing new products and adding new features to them.
Through innovation, Sony achieves the goal of attracting and retaining its consumers, through products and services aligned with the highest technological standards.
An example that Sony has innovation as one of its main missions, is its Playstation video game, which is the best-selling console in the world, and always updates itself to models with more functionality and cutting-edge technology.
Therefore, innovation is a competitive differential for the Sony company, which keeps it as the sales leader in its products and makes it more valued by consumers and consequently more profitable.
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ky wants to buy 3 shirts, which were originally priced $49.96 each. The store will discount the pirce of the third shirt and then apply a 7.1% tax to the total cost of all three shirts. Including the tax, what will be the total cost? Round to the nearest hundredth.
The total cost of three shirts, originally priced at $49.96 each with a third shirt discounted and a 7.1% sales tax applied, is $160.52.
Ky wants to buy 3 shirts, which were originally priced at $49.96 each. The store will discount the price of the third shirt and then apply a 7.1% tax to the total cost of all three shirts. Including the tax, what will be the total cost? Round to the nearest hundredth.
First, calculate the cost of the three shirts without any discounts or tax:
Cost of two shirts: 2 × $49.96 = $99.92
Cost of the discounted third shirt: $49.96 (assuming no discount or specified discount percentage was given)
Total cost before tax: $99.92 + $49.96 = $149.88
Next, calculate the total amount with the 7.1% sales tax:
Total tax: 0.071 × $149.88 ≈ $10.64
Total cost including tax: $149.88 + $10.64 = $160.52
Therefore, the total cost of the shirts including tax is $160.52.
Money-creating transactions of a bank ( _________________ ) directly impact the money supply..
Answer:
Loans
Explanation:
The money-creating transactions of a bank that directly impact the money supply are loans.
We can illustrate why with this simple example:
Suppose Bank of America gets a deposit of $800 and the reserve requirement is 20%, thus, it will keep $160 in reserve and loan out the remaining $640.
Bank of America Balance Sheet
Assets Liabilities
Reserves $160 Deposits $800
Loans $640
The $640 that is loaned out is money that is in the hands of a person other than the one who deposited the $800 in the first place. In other words it is new money that Bank of America has created when it made the loan.
Two traditional economies are trying to industrialize. The leaders of the first favor a command economic system. The leaders of the second want to try more free market-based policies. What actions would likely occur in one but not the other industrializing economy?
Answer:
In the country that promotes free-market economy is expected to start seeing firms arriving in this country and invest in those activities where this country has a comparative advantage.
Explanation:
This would lead to an efficient allocation of productive resources taking the economy to optimum production. The technology and tools will rapidly spread, and the industrialization process will be achieved. In the other country, investment and technology implementation is lead by the government allocating resources inefficiently and delaying industrialization.
Josephine would like to become part of an elite manager network at her company so she can get access to general and line management experience to help her succeed within the company. However, she learns that the manager network is made up exclusively of men.
This demonstrates which factor affecting women’s careers?
A. Female advantage
B. Opt-out trend
C. Glass ceiling
D. Glass wall
E. Opaque ceiling
Answer: (C) Glass ceiling
Explanation:
The glass ceiling is one of the concept in the united state which demonstrate about the efforts of the minorities level group and the women for reaching at the top rank in the management sector.
It is basically regardless about the achievement and also the qualification of the women ad the minorities in the united states. The glass ceiling is also refers to the persuasive resistance.
Therefore, Option (C) is correct.
sharice just accepted a job offer from an intriguing company. It encourages video game play on breaks to build camaraderie among co-workers and emphasizes "giving back" through community service in the neighborhood. Based on this information, you would conclude that Sharice is employed
Question: Sharice just accepted a job offer from an intriguing company. It encourages video game play on breaks to build camaraderie among co-workers, happy hours to get to know team members, and emphasizes "giving back" through community service once a month in their neighborhood. Based on this information, and what you know from this chapter, you would conclude that Sharice is employed ___________.
a. at a great workplace
b. at a positive institution
c. in her career
d. at a job
Answer: At a positive institution.
Commercial Paper securities
A) are issued only by the largest and most creditworthy corporations, as they are unsecured.
B) carry an interest rate that varies according to the firm's level of risk.
C.never have a term to maturity that exceeds 270 days.
D all of the above.
E) only A and B of the above.
Answer:
D all of above
Explanation:
Commercial paper securities are unsecured promissory notes, issued by corporation, that matures in no more that 270 days.Because these securities are unsecured,only the largest and most creditworthy corporations issue commercial paper.The interest rate the corporation is charged reflects the firms level of risk.
Therefore Option D is the correct answer
An investor believes that interest rates will be flat or falling into the future; and that prices may deflate. The MOST appropriate investment is:________A. Long term U.S. Government bondsB. Real estateC. GoldD. Large Capitalization stocks
Answer:
A. Long term U.S. Government bonds
Explanation:
A. Long term U.S. Government bonds
For this case that's the best option since by a general rule when we have a deflation the interest rates tend to decrease. Usually the long term investments have fixed rates and fixed payments that can be accumulated over the time.
B. Real estate
Not a good option since when we have deflation the real state prices tend to decrease as the good and services in order to mantain the sales.
C. Gold
No possible when we have deflation all the prices of good and services tend to decrease and the gold is an example of this. So is not a good option to invest.
D. Large Capitalization stocks
When we have stocks and we have a deflation we will have a depreciation of the stocks since the companies due to the deflation need to cut the prices to mantain the sales and make profits. So this one is not a good option for this case.
Maker-Bot Corporation has 10,000 shares of 10%, $90 par value, cumulative preferred stock outstanding since its inception. No dividends were declared in the first two years. If the company pays $400,000 of dividends in the third year, how much will common stockholders receive?A. $355,000B. $270,000C. $0D. $130,000E. $140,000
Answer:
D) $130,000
Explanation:
We can compute this by calculating the total dividends payable to preferred stock holders each year.
Dividends payable = 10,000 * 90 * 0.10 = $90,000
Since the shares are cumulative, the total preferred dividend payable at the end of third year is = $90,000 * 3 = $270,000
So common share in dividend = Total paid - Preferred dividend cumulative
Common Dividend share = 400,000 - 270,000 = $130,000
Hope that helps.
The 80–20 principle and the concept of the ""heavy half"" are most closely associated with the _________________ method of segmenting and positioning to target markets
The 80-20 principle and the concept of the heavy half are most closely associated with the usage rate method of segmenting and positioning to target markets
Explanation:
In the 80-20 principles the concept is that the eighty percent of the effect are due to the twenty percent of causes and this concept was developed by Pareto and it also states that 20 percent of the activities can also cause to 80 percent of your success
Heavy half concept is also like the 80-20 principle and it states that the that 80 percent of the volume will be consumed by 20 percent of the customers and hence both the principles uses the usage concept
Silics Inc., a software firm, decided to hire a technical expert. The company conducted an aptitude test followed by structured interviews for candidates. David, an African American, did exceptionally well in all the assessments, but Silics Inc., known for discriminating against African Americans, rejected him. David then filed a case against Silics Inc. on charges of racial discrimination. In the context of affirmative action, the company will most likely be required to:
Answer:
D) pay attorney's fees and court costs for David.
Explanation:
This is something the company would only start with when it comes to affirmative action. It is essential to cover David's court costs, as he is the discriminated party in this case.
Afterward, the company would most probably give David a job offer, reflecting on his exceptional assessment.
Since this is an individual case (only David has sued the company), this will not affect other minorities already working in the company.
Which of the following best describes the consideration on the part of an insurer?
A. The purpose of the contract must be legalB. The promise to pay in the event of a covered claimC. The offer of the contractD. The acceptance of the contract
Answer:
B) The promise to pay in the event of a covered claim
Explanation:
The promise to pay in the happening of a covered claim apparently describes the promise to pay in the process of covered claim. In insurance matter of contracts, the insurer assures to pay for covered losses which the insured suffers and the insured promises to do what the contract says and pay the premium. Most non insurance contracts are fluctuating contracts. The amount of attention given by both parties are almost equivalent.
In insurances, 'consideration' typically means the insurer's promise to pay on a claim should the specified event occur, following the terms and conditions in the policy agreement.
Explanation:In the context of insurance, the term consideration refers typically to the promise to pay in the event of a covered claim. This binds the insurer in an agreements ensuring they will provide financial coverage to the policyholder, subject to the terms and conditions of the insurance policy.
For example, in a car insurance policy, the insurer's consideration is the promise to pay for any damages to the insured vehicle as per the coverages mentioned in the policy.
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Which of the following is defined as a contract which prescribes the technical support or business parameters that a provider will bestow to its client?
1. Final audit report
2. Mutual aid agreement
3. Service level agreement
4. Certificate practice statement
Answer:
Service level agreement.
Explanation:
Service level agreement is a contract between a service provider and a client. Agreement is made on the quality and availability. What is expected by the client should be rendered as it is agreed upon on the contract.
(Scenario: Sugar Trade in Birdonia) In autarky, suppose that equilibrium sugar price is $100 per ton in Birdonia, a small agricultural nation. Now, suppose Birdonia engages in free trade with the rest of the world. The world price of sugar is $125 per ton. What action must the government of Birdonia take to ensure that Birdonians do not import sugar at the world price of $125?
Final answer:
To prevent imports of sugar at a higher world price, the government of Birdonia may use trade barriers such as tariffs, quotas, or an import ban to protect its domestic market.
Explanation:
To prevent Birdonians from importing sugar at the world price of $125, which is higher than the autarky price of $100, the government of Birdonia could implement trade barriers such as tariffs, quotas, or even an import ban. A tariff would increase the cost of imported sugar, making it more expensive than local sugar, while a quota would limit the amount of sugar that could be imported, thereby limiting the supply and keeping prices at a desirable level. An import ban would disallow the import of sugar outright, ensuring that the domestic market is reliant on locally produced sugar.
Considering the provided reference information, if free international trade between Brazil and the United States takes place, it could lead to an equilibrium in both countries' sugar prices due to the influence of exports and imports. The scenario described involves Brazil potentially exporting sugar to the United States, which could similarly impact the situation in Birdonia if they were to engage in free trade without protections.
Government intervention is sometimes necessary in maintaining the domestic market's stability and can be done through various methods as mentioned, according to the specific needs and policies of the nation.
Token Inc.is an envelope manufacturer based in Dallas. The employees of the organization receive incentive pay based on the amount of work produced. If the output of an employee is more than the average production volume, then the organization pays an incentive in addition to wages and salaries. In this case, which of the following incentives is offered by Token Inc.?
A. Piecework rate
B. Minimum wage
C. Employee labor
D. Training stipend
E. Group bonus
Answer:
The correct answer is A
Explanation:
Piece work rate is the system of the pay in which the workers or the employees of the company are paid per unit of the creation or the production.
In short, it means that they are being paid on the per piece or unit is produced by the employee or worker.
So, in this case, Token company pays the employees as per the piece work rate as it is grounded on the amount of the work produced.
8 fuel efficiency of prius: fueleconomy.gov, the official us government source for fuel economy information, allows users to share gas mileage information on their vehicles. the histogram below shows the distribution of gas mileage in miles per gallon (mpg) from 14 users who drive a 2012 toyota prius. the sample mean is 53.3 mpg and the sample standard deviation is 5.2 mpg. (note that these data are user estimates and since the source data cannot be verified, the accuracy of these estimates is not guaranteed.) use your ti calculator.
Answer:
a) We assume that the plot is given on the figure attached. The total sample size is 1+2+7+2+2= 14 and for this case we can conduct a test since we assume normality and we can use the t distribution in order to work with a sample size less than 30.
b) [tex]p_v =2*P(t_{(13)}>2.375)=0.0336[/tex]
If we compare the p value and the significance level assumed [tex]\alpha=0.01[/tex] we see that [tex]p_v>\alpha[/tex] so we can conclude that we have enough evidence to fail reject the null hypothesis, so we can't conclude that the height of men actually its significant different from 50 at 1% of signficance.
c) The 95% confidence interval would be given by (50.298;56.302)
Explanation:
(a) We would like to use these data to evaluate the average gas mileage of all 2012 Prius drivers. Do you think this is reasonable? Why or why not?
We assume that the plot is given on the figure attached. The total sample size is 1+2+7+2+2= 14 and for this case we can conduct a test since we assume normality and we can use the t distribution in order to work with a sample size less than 30.
(b) The EPA claims that a 2012 Prius gets 50 MPG (city and highway mileage combined). Do these data provide strong evidence against this estimate for drivers who participate on fueleconomy.gov? Note any assumptions you must make as you proceed with the test.
Data given and notation
[tex]\bar X=53.3[/tex] represent the sample mean
[tex]s=5.2[/tex] represent the sample standard deviation
[tex]n=14[/tex] sample size
[tex]\mu_o =50[/tex] represent the value that we want to test
[tex]\alpha[/tex] represent the significance level for the hypothesis test.
t would represent the statistic (variable of interest)
[tex]p_v[/tex] represent the p value for the test (variable of interest)
State the null and alternative hypotheses.
We need to conduct a hypothesis in order to check if the mean is actually 50 or different, the system of hypothesis would be:
Null hypothesis:[tex]\mu = 50[/tex]
Alternative hypothesis:[tex]\mu \neq 50[/tex]
If we analyze the size for the sample is < 30 and we don't know the population deviation so is better apply a t test to compare the actual mean to the reference value, and the statistic is given by:
[tex]t=\frac{\bar X-\mu_o}{\frac{s}{\sqrt{n}}}[/tex] (1)
t-test: "Is used to compare group means. Is one of the most common tests and is used to determine if the mean is (higher, less or not equal) to an specified value".
Calculate the statistic
We can replace in formula (1) the info given like this:
[tex]t=\frac{53.3-50}{\frac{5.2}{\sqrt{14}}}=2.375[/tex]
P-value
The first step is calculate the degrees of freedom, on this case:
[tex]df=n-1=14-1=13[/tex]
Since is a one side test the p value would be:
[tex]p_v =2*P(t_{(13)}>2.375)=0.0336[/tex]
Conclusion
If we compare the p value and the significance level assumed [tex]\alpha=0.01[/tex] we see that [tex]p_v>\alpha[/tex] so we can conclude that we have enough evidence to fail reject the null hypothesis, so we can't conclude that the height of men actually its significant different from 50 at 1% of signficance.
(c) Calculate a 95% confidence interval for the average gas mileage of a 2012 Prius by drivers who participate on fueleconomy.gov.
The confidence interval for the mean is given by the following formula:
[tex]\bar X \pm t_{\alpha/2}\frac{s}{\sqrt{n}}[/tex] (1)
In order to calculate the mean and the sample deviation we can use the following formulas:
In order to calculate the critical value [tex]t_{\alpha/2}[/tex] we need to find first the degrees of freedom, given by:
[tex]df=n-1=14-1=13[/tex]
Since the Confidence is 0.95 or 95%, the value of [tex]\alpha=0.05[/tex] and [tex]\alpha/2 =0.025[/tex], and we can use excel, a calculator or a tabel to find the critical value. The excel command would be: "=-T.INV(0.025,13)".And we see that [tex]t_{\alpha/2}=2.16[/tex]
Now we have everything in order to replace into formula (1):
[tex]53.3-2.16\frac{5.2}{\sqrt{14}}=50.298[/tex]
[tex]53.3+2.16\frac{5.2}{\sqrt{14}}=56.302[/tex]
So on this case the 95% confidence interval would be given by (50.298;56.302)
Given the provided user-estimated data of gas mileage for a 2012 Toyota Prius, you could use your TI calculator to perform various statistical calculations. This could involve deriving a z-score or a t-score and comparing it to a critical value from the respective distribution. Note that the accuracy of your results will be dependent on the reliability of the user-reported data.
Explanation:The task asked in the question requires you to use the data supplied, along with your TI calculator, to perform statistical computations associated with the fuel economy or miles per gallon (mpg) of a 2012 Toyota Prius. This could involve computing a confidence interval, performing a hypothesis test, or calculating other statistics such as the median or mode. For instance, you might be asked to confirm if the sample mean of 53.3 mpg could have arisen by chance given the user-reported data. This would involve calculating a z-score or a t-score (depending on the size of your sample and whether you know the population standard deviation) and comparing it to a critical value from the z-distribution or t-distribution respectively.
It is important to note that your calculation results would only be as accurate as the user-reported data permits: inaccuracies or inconsistencies in the reported mpg values could affect the results of your analysis.
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If you expect the inflation rate to be 5 percent next year and a one-year bond has a yield to maturity of 7 percent, then the real interest rate on this bond is__________
Answer:
1.9%
Explanation:
Real interest is the return that investors would require without inflation.Money interest is the return that investors would require with inflation.The real interest can be calculated using the following formula:
(1+i)(1+r)=(1+)
where
i=inflation rate=5%
r= real interest rate
m= money interest rate =7%
(1+5%)(1+r)=(1+7%)
1+r=(1+7%)/(1+5%)
1+r=1.019
r=1.02-1=0.019
Real interest rate=0.019*100=1.9%
A sales manager at SFB Industries would like to import leads from a recent event. To ensure efficiency, she would like these to be automatically assigned to the relevant sales rep based on the state field. How can you set this up?
Answer:
3) Create a lead assignment rule
Explanation:
Salesforce uses lead assignment rules to define which sales rep is responsible for generating and supporting a sales lead (potential sale). Each organization is responsible for setting up the specific criteria used to assign sales leads. By using assignment rules this process can be automated.
For example, your lead assignment rule may be based on territory or sales status.
Key considerations involved in planning and conducting multinational operations are affected by:
Answer:
Values and motives of members of the organization or firm
Explanation:
Planning is the procedure or the process regarding the activities needed to accomplish the desired objective or goals of the firm or business. It is very first and foremost or important activity in order to accomplish the desired results.
The key and main considerations involve in the planning process, while conducting or performing the operations of the multinational are affected through the motives and the values of the organization or firm members.
A broker allowed her license to expire and renewed it 32 days after the expiration date. What does she need to do to reinstate her license?A. Pay the renewal feeB. Pay the renewal fee, and pay half the renewal fee for it being over 30 daysC. Pay the renewal fee and retake the state examinationD. Pay the renewal fee and take 8 credit hours of continuing education
Answer:
B
Explanation:
she has to do the following to reinstate her license - Makes a proper application within thirty-one days after the date of expiration, by payment of the regular three-year renewal fee.
For an institutional investor to qualify as a "QIB" under Rule 144A, the institution must have at least: A $1,000,000 of assets that it invests on a discretionary basis B $10,000,000 of assets that it invests on a discretionary basis C $100,000,000 of assets that it invests on a discretionary basis D $1,000,000,000 of assets that it invests on a discretionary basis
Answer:
C) $100,000,000 of assets that it invests on a discretionary basis
Explanation:
For an institutional investor to qualify as Qualified Institutional Buyer (QIB) under Rule 144A of the Securities and Exchange Commission (SEC) it must:
manage at least $100 million worth of securitiesthe securities must come from issuers that are not affiliated with the institutional investorIn case of banks or savings and loans institutions, Rule 144A requires them to have a net worth of at least $25 million.
Which of the following statements is false?
1. By increasing the amount paid to debt holders through interest payments, the amount of the pretax cash flows that must be paid as taxes increases.
2. To determine the benefit of leverage for the value of the firm, we must compute the present value of the stream of future interest tax shields the firm will receive.
3. When a firm uses debt, the interest tax shield provides a corporate tax benefit each year.
4. Because the cash flows of the levered firm are equal to the sum of the cash flows from the unlevered firm plus the interest tax shield, by the Law of One Price the same must be true for the present values of these cash flows.
Answer:
1) By increasing the amount paid to debt holders through interest payments, the amount of the pretax cash flows that must be paid as taxes increases.
Explanation:
All businesses pay taxes based on their net profits after interest payments are deducted as expenses, therefore interest payments reduce the net profit. A lower net profit = lower corporate taxes paid. Only interest payments are considered expenses, principal payments are not considered expenses and don't reduce taxes.
"The correct option is 1. By increasing the amount paid to debt holders through interest payments, the amount of the pretax cash flows that must be paid as taxes increases.
Let's analyze each statement to determine which one is false:
1. This statement is false because increasing the amount paid to debt holders through interest payments actually decreases the amount of pretax cash flows that must be paid as taxes. This is because interest payments are tax-deductible expenses, which reduce the taxable income of the firm. Therefore, the tax liability of the firm decreases as interest payments increase, not the other way around.
2. This statement is true. The benefit of leverage for the value of the firm can indeed be computed by calculating the present value of the stream of future interest tax shields the firm will receive. Since interest payments are tax-deductible, they provide a tax shield that increases the value of the firm.
3. This statement is also true. The interest tax shield does provide a corporate tax benefit each year because interest expenses reduce the firm's taxable income, thereby lowering its tax bill.
4. This statement is true as well. The cash flows of a levered firm are indeed the sum of the cash flows from the unlevered firm plus the interest tax shield. By the Law of One Price, which states that identical assets must have the same price when traded in the same market, the present values of these cash flows should also be equal.