Closed meetings of the National Security Agency and other federal administrative agencies are permitted when
a. the subject of the meeting concerns accusing a person of a crime.
b. open meetings would frustrate the implementation of future actions.
c. the subject of the meeting involves matters relating to future liti¬ga¬tion or rulemaking.
d. all of the choices.
D
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The payee of a note recognizes a note receivable on the balance sheet and interest revenue on its income statement
a. True b. False Indicate whether the statement is true or false
The section of the UCC that governs negotiable instruments is:
a. Article 3. b. Article 2. c. Article 6. d. Article 9.
Buchholz Corporation follows a moderate current asset investment policy, but it is now considering a change, perhaps to a restricted or maybe to a relaxed policy. The firm's annual sales are $400,000; its fixed assets are $100,000; its target capital structure calls for 50% debt and 50% equity; its EBIT is $35,000; the interest rate on its debt is 10%; and its tax rate is 25%. With a restricted policy, current assets will be 15% of sales, while under a relaxed policy they will be 25% of sales. What is the difference in the projected ROEs between the restricted and relaxed policies?
A. 5.32% B. 5.91% C. 6.56% D. 7.22% E. 7.94%
A(n) _____ occurs when a testator makes bequests of money in the will and the estate does not have enough money to pay the bequests.?
A) ?redemption B) ?ademption C) ?abatement D) ?probate