The Securities Act of 1933
a. required complete disclosure of relevant financial information for publicly offered securities in the primary market.
b. declared trading strategies to manipulate the prices of public secondary securities illegal
c. imposed heavy penalties for insider trading.
d. required complete disclosure of relevant financial information for securities traded in the secondary market.
e. all of the above
a
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Normally standard costs should be revised when labor rates change to incorporate new union contracts
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. In general, more sophisticated audiences and those already familiar with the workings of a business will appreciate dramatic visual aids. 2. The most common reason that managers write reports is that someone asked them to. 3. Actually writing the report takes more time than doing the preliminary groundwork. 4. A report writer should gather data before developing solutions or action items.
Which of the following is NOT a purpose of federal securities regulation?
a. To ensure that only worthwhile securities are sold in interstate commerce. b. To ensure adequate disclosure by issuers of securities. c. To ensure that inside information is not abused. d. To prevent the use of fraud in the marketing of securities.
Ken Jones has just won the state lottery
The state offers the following three payout options for after-tax prize money: 1. $50,000 per year at the end of each of the next six years 2. $300,000 (lump sum) now 3. $400,000 (lump sum) six years from now Calculate the present value of each scenario using an 8% annual discount rate. Round to nearest whole dollar. Present value of an ordinary annuity of $1: 7% 8% 9% 1 0.935 0.926 0.917 2 1.808 1.783 1.759 3 2.624 2.577 2.531 4 3.387 3.312 3.240 5 4.100 3.993 3.890 6 4.767 4.623 4.486 Present value of $1: 7% 8% 9% 1 0.935 0.926 0.917 2 0.873 0.857 0.842 3 0.816 0.794 0.772 4 0.763 0.735 0.708 5 0.713 0.681 0.650 6 0.666 0.630 0.596 What will be an ideal response