Matt owns a car dealership that is very profitable. Since he plans to retire in 5-10 years, Matt has decided to retain ownership for now, but without continuing to grow the business. This change would also allow him to invest for retirement some of the cash that the business is now generating. Which harvesting method does this example illustrate?
A. A delayed sellout
B. A strategy to release the firm's free cash flows to the owners
C. Offering stock to the public through an IPO
D. Issuing a private placement of stock
Answer: B
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Independent random samples of managers' yearly salaries (in $1000) taken from governmental and private organizations provided the following information. At a .05 level of significance, test to determine if there is a significant difference between the average salaries of the managers in the two sectors.
Government
Private
80
75
s9
10
n28
31
What will be an ideal response?
Governments are generally immune from tort liability
Indicate whether the statement is true or false
Which is not one of the responsibilities of the DA?
a. Provide data naming standards b. Keep track of who owns the data c. Set up standards for data validation d. Establish user authentication for data access
Which of the following is a cost of extending credit to customers?
A. Fees paid to credit card companies B. Uncollectible accounts expense C. Explicit interest D. Lost sales