RADRs are popular because they are consistent with the general disposition of financial decision makers toward rates of return
Indicate whether the statement is true or false
TRUE
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A corporation issued 320 shares of its $5 par value common stock in payment of a $4000 charge from its accountant for assistance in filing its charter with the state. The entry to record this transaction will include:
A. A $4000 debit to Legal Expenses. B. A $1600 debit to Organization Expenses. C. A $4000 credit to Cash. D. A $2400 credit to Paid-in Capital in Excess of Par Value, Common Stock. E. A $4000 credit to Common Stock.
The father had built his fortune as a real estate speculator and now devoted his energies to his new passion, pessimism. Which alternative would be the best choice given this new hobby?
The cold, calculating father did exactly that when examining the 27 year old failure to launch man child that had turned his walk in closet into a bedroom. As he saw it, there were five alternatives; each had its advantages and disadvantages, and under different circumstances, each had a different financial incentive. He laid it all out neatly in a table, but as not to arouse suspicion, he left the table's labels very generic, so the alternatives were simply labeled A through E while the different circumstances were simply numbered one through three. He flicked the gray ash off of his favorite purple smoking jacket and pondered the best course of action under each possible future. It was good to be devious, he decided. One Two Three A 19 6 20 B 26 5 48 C 24 18 17 D 43 34 15 E 36 34 15 A) A B) B C) C D) D
Your bank has agreed to grant you a discount loan with an APR of 5.25%. If you need $5,000 today, how large is the face value of the loan?
A) $4,751 B) $5,000 C) $5,263 D) $5,277
Tax laws allow investors to hold mutual funds in which of the following types of retirement plans? I. ordinary IRAs II. Roth IRAs III. 401-K plans IV. Keogh plans
A) I and II only B) II, III and IV only C) I, II and IV only D) I, II, III and IV