Section 529 plans
A) have tax free withdrawals if the money is used to buy a first home.
B) include prepaid tuition plans only.
C) have withdrawals that are taxed.
D) have tax free withdrawals if the money is used for qualified expenses.
D
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Which of the following statements concerning operating leverage is false?
a. Normally, a company which is highly labor intensive will have low fixed costs and therefore a low operating leverage. b. Normally, companies which have a high operating leverage will also have a high contribution margin ratio. c. Operating leverage measures the relationship between a company's variable and fixed cost. d. If a company has a low operating leverage, a small amount of sales will cause a large increase in profits.
Which of the following securities has the highest priority with regard to the distribution of both earnings and proceeds from the liquidation of assets of a firm?
A. Corporate bonds B. Preferred stock C. Common stock D. American depository receipts (ADRs) E. Foreign stocks
Beige Inc. has to choose from three projects whose internal rates of return (IRRs) are more than the marginal cost of capital (MCC). Beige should choose those projects that _____.?
A. ?minimize the marginal cost of capital B. ?maximize the excess of internal rate of return over marginal costs C. ?maximize the dividend payout D. ?maximize the cash flow from investment in projects E. ?minimize the rate of return to the investors
In the context of the four foundations on which laws are based around the world, Islamic law is derived from:
A. the Marxist socialist system. B. the teachings of the Prophet Muhammad. C. the ideologies of the Greek philosopher Prophet Farooq. D. Roman law.