The UCC prohibits the use of "floating liens" that keep carrying forward against a debtor when more supplies are added to an existing account
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following statements is correct?
A. An open-market dividend reinvestment plan will be most attractive to companies that need new equity and would otherwise have to issue additional shares of common stock through investment bankers. B. Stock repurchases tend to reduce financial leverage. C. If a company declares a 2-for-1 stock split, its stock price should roughly double. D. One advantage of adopting the residual dividend policy is that this makes it easier for corporations to meet the requirements of Modigliani and Miller's dividend clientele theory. E. If a firm repurchases some of its stock in the open market, then shareholders who sell their stock for more than they paid for it will be subject to capital gains taxes.
Which of the following statements regarding financial flexibility is true?
A) It is the ability of a company to provide a return on investment. B) It is the ability of a company to take effective actions to insure the return of capital to the company. C) It is the ability of a company to take adapt changes in the amounts and timing of cash flows. D) It is the ability of a company to maintain a given level of operations.
Which of the following is established by the Supremacy Clause of the U.S. Constitution?
A) The president is the supreme and sovereign head of the United States. B) The legislative branch of the federal government is the supreme law-making authority in the country. C) The judiciary is the supreme law-enforcing authority and cannot be influenced by anyone, however powerful, in any manner. D) The U.S. Constitution and federal treaties, laws, and regulations are the supreme law of the land.
A fleet repair facility has the capacity to repair 800 trucks per month. However, due to scheduled maintenance of their equipment, management feels that they can repair no more than 600 trucks per month
Last month, two of the employees were absent several days each, and only 400 trucks were repaired. What are the utilization and efficiency of the repair shop?