The priority of claims established by Chapter 7 of the Bankruptcy Reform Act of 1978 gives priority to ________.
A) unpaid employee benefit plan contributions over unsecured customer deposits
B) common stockholders over taxes
C) taxes over expenses of administering the bankruptcy
D) preferred stockholders over claims of secured creditors
A) unpaid employee benefit plan contributions over unsecured customer deposits
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A person's buying choices are influenced by four major psychological factors. Which of the following is NOT one of these factors?
A) motivation B) perception C) association D) learning E) beliefs
Sarakose Co. is a U.S. company with sales to Canada amounting to C$5 million. Its cost of materials attributable to the purchase of Canadian goods is C$7 million. Its interest expense on Canadian loans is C$5 million. The dollar value of Sarakose's "earnings before interest and taxes" would ____ if the Canadian dollar appreciates; the dollar value of its cash flows would ____ if the Canadian dollar appreciates.
a. increase; increase b. decrease; increase c. decrease; decrease d. increase; decrease e. increase; be unaffected
A minor who is no longer under the control and authority of parents is said to be ____________________
Fill in the blank(s) with correct word
Usury laws:
a. prohibit charging excess interest on loans. b. are designed to protect banks. c. restrict the agreements on free trade. d. are enforceable if reasonable in time.