For S corporations without earnings and profits from prior C corporation years, the taxation of cash distributions to the shareholder is governed by rules very similar to the rules for partnerships.
Answer the following statement true (T) or false (F)
True
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The preponderance of the evidence standard of proof is applied in ________.
A. all criminal cases B. all civil cases C. some civil cases D. some criminal cases
One reason why a blanket obligation for all employees to obey their employers no matter what is unreasonable is that the choice of obeying someone's command or jeopardizing one's job is fundamentally coercive, and, thus, the consent involved is not fully free.
Answer the following statement true (T) or false (F)
Gretta's portfolio consists of $700,000 invested in a stock that has a beta of 1.2 and $300,000 invested in a stock that has a beta of 0.8. The risk-free rate is 6% and the market risk premium is 5%. Which of the following statements is CORRECT?
A. The required return on the market is 10%. B. The portfolio's required return is less than 11%. C. If the risk-free rate remains unchanged but the market risk premium increases by 2%, Gretta's portfolio's required return will increase by more than 2%. D. If the market risk premium remains unchanged but expected inflation increases by 2%, Gretta's portfolio's required return will increase by more than 2%. E. If the stock market is efficient, Gretta's portfolio's expected return should equal the expected return on the market, which is 11%.
Which of the following load factors would be least likely to be used by United Airlines?
a. Per-ton b. Per-person c. Per-gallon d. Per-mile