A firm has just ended the calendar year making a sale in the amount of $200,000 of merchandise purchased during the year at a total cost of $150,500
Although the firm paid in full for the merchandise during the year, it has yet to collect at year end from the customer. One possible problem this firm may face is ________.
A) low profitability
B) insolvency
C) inability to receive credit
D) high leverage
B
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If the Equal Employment Opportunity Commission (EEOC) chooses not to bring suit, it issues a(n) ________ to the complainant
A) affirmative defense B) right to sue letter C) filing date D) document of claim
Puffin Corporation makes a property distribution to its sole shareholder, Bonnie. The property distributed is a car (basis of $30,000; fair market value of $20,000) that is subject to a $6,000 liability which Bonnie assumes. Puffin has no accumulated E & P and $30,000 of current E & P from other sources during the year. What is Puffin's E & P after taking into account the distribution of the car?
a. $4,000 b. $6,000 c. $10,000 d. $14,000 e. None of the above
Which one of the following correctly states the VaR for a 3-year period with a 2.5 percent probability?
A. Prob[Rp,T ? E(Rp) × ?3 - 1.645 × ?p ?3] B. Prob[Rp,T ? E(Rp) × 3 - 1.960 × ?p ?3] C. Prob[Rp,T ? E(Rp) × ?3 - 1.960 × ?p 3] D. Prob[Rp,T ? E(Rp) × 3 - 1.645 × ?p ?3] E. Prob[Rp,T ? E(Rp) × ?3 - 1.645 × ?p 3]
The federal government pays for the services it provides primarily through:
a. service fees b. creating money c. borrowing d. selling assets owned by the government e.none of the above