The __________ Clause of the U.S. Constitution states that the Constitution, laws, and treaties of the United States take precedence over state laws and that the judges of the state courts must follow federal law
a. Supremacy
b. Federalization
c. Legalism
d. Preemption
a
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The face value of a term bond is payable at a single specific date in the future
a. True b. False Indicate whether the statement is true or false
Which of the following statements about dual pricing is false?
a. Dual pricing will prevent managers from having the most relevant information for decision making and performance evaluation. b. Dual pricing arrangements allows a seller and a buyer to record the same transactions using different prices. c. Dual pricing eliminates the problem of having to artificially divide the profits between the selling and buying segments. d. Dual pricing makes it necessary to prepare an internal reconciliation to adjust revenues and cost when external financial statements are prepared.
Paralegals work in the following settings:
A) Corporations. B) Government agencies. C) Law firms. D) All of the choices.
Crosby Inc. has an 11% required rate of return. It does not expect to initiate dividends for 20 years, at which time it will pay $4.00 per share in dividends. At that time, Crosby expects its dividends to grow at 6% forever
What is an estimate of Crosby's price in 20 years (P20) if its dividend at the end of year 20 is $4.00? A) $34.80 B) $55.00 C) $57.50 D) $84.80