Points are meant to pay for processing a loan and are not finance charges
Indicate whether the statement is true or false
FALSE
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Brawn Co has a $20,000, two-year note payable to Gassaway City Bank that matures June 30, 2014 . Brawn's management intends to refinance the note for an additional three years and is negotiating a financing agreement with Gassaway City. In order to exclude this note from current liabilities on its December 31 . 2013 . balance sheet, Brawn Co must
a. pay off the note and complete the refinancing before the 2013 financial statements are issued. b. complete the refinancing before the note's maturity date. c. complete the refinancing before the balance sheet date. d. demonstrate an ability to refinance the obligation before the 2013 financial statements are issued.
The Occupational Safety and Health Administration promulgated a rule requiring warehouse employees to wear hardhats when in the vicinity of an operating forklift. The purpose of the hardhats is to protect employees from danger of falling objects. This rule is
a. an executive order. b. a statute. c. common law. d. administrative law.
What is an outlier?
A. The application of big data analytics to smaller data sets in near-real or real-time in order to solve a problem or create business value. B. A program that processes and manages algorithms across many machines in a computing environment. C. A data value that is numerically distant from most of the other data points in a set of data. D. An emotional state of over-analyzing (or over-thinking) a situation so that a decision or action is never taken, in effect paralyzing the outcome.
The Sarbanes-Oxley Act requires employers of more than 100 workers to grant 60 days' written notice before closing a plant or before laying off more than one-third of a workforce in excess of 150 people.
Answer the following statement true (T) or false (F)