The Gramm-Leach-Bliley Act (1999 ) allows banks, security dealers, and insurance companies to combine together to form financial services holding companies
Indicate whether the statement is true or false
TRUE
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After aging the accounts receivable, it is estimated that $790 will not be collected and the allowance account has an existing debit balance of $230 . The adjusting entry under the aging approach would be for the amount of
a. $790. b. $230. c. $560. d. $1,020.
The Polishing Department of Metalware Fixtures, Inc. had 20,000 units in process on June 1 and received 23,000 units from the Machining Department. During the month, it completed 31,000 units and transferred them to the Packaging Department and had 12,000 units in ending Work-in-Process Inventory. The company uses FIFO. Calculate the number of units accounted for by the Polishing Department for June.
A) 11,000 units B) 20,000 units C) 12,000 units D) 43,000 units
What is a full set of constraints for this problem if there are 30 MBA students enrolled this semester?
The $75 per credit hour course fee tacked on to all the MBA classes has generated a windfall of $56,250 in its first semester. "Now we just need to make sure we spend it all," the Assistant Dean cackled. She charged the Graduate Curriculum Committee with generating a shopping list before their next meeting. Four months later, the chairman of the committee distributed the following. As the professor for the quantitative modeling course, he tended to think in terms of decision variables, so he added the left-most column for ease of use. Decision Variable Item Cost Note A iPads for everybody $750/unit Must get a cover if these are purchased B iPad covers with MBA logo $25/unit Not needed unless we buy iPads C Speaker series $15,000 Can't afford both this and the iPads D Subscriptions to the Wall Street Journal $10/unit Don't need if we have the electronic version E Subscriptions to the electronic version of the Wall Street Journal $5/unit Worthless without the iPads
HD Corp and LD Corp have identical assets, sales, interest rates paid on their debt, tax rates, and EBIT. Both firms finance using only debt and common equity, and total assets equal total invested capital. However, HD uses more debt than LD. Which of the following statements is CORRECT?
A. Without more information, we cannot tell if HD or LD would have a higher or lower net income. B. HD would have the lower equity multiplier for use in the DuPont equation. C. HD would have to pay more in income taxes. D. HD would have the lower net income as shown on the income statement. E. HD would have the higher operating margin.