A 401(k) plan is also called a cash balance pension plan.
Answer the following statement true (T) or false (F)
False
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Which of the following ratios is not a measure of long-term solvency risk?
a. Debt /Equity Ratio b. Interest Coverage Ratio c. Operating Cash Flows to Current Liabilities Ratio d. Liabilities to Assets Ratio
Under the Code an oral contract for specially manufactured goods costing $500 is enforceable even if the seller has not begun their manufacture
a. True b. False Indicate whether the statement is true or false
The "T" in T-1, T-3, and Fractional T-1 services stands for ________
A) "tuned" carrier service B) "trunk" carrier service C) "terrestrial" carrier service D) "total" carrier service
In the current year, the New Products Division of Testar Company had operating income of $8,000,000 and operating assets of $44,800,000. Testar has set a target return on investment (ROI) of 16% for each of its divisions. Which of the following statements is correct?
A. The New Products division yielded no residual income. B. Residual income for the New Products division was $832,000. C. The New Products division yielded ROI that was lower than the target ROI. D. All of these answers are correct.