The Maritime Administration (MARAD) was created to:
a. pay subsidies to U.S. flag carriers who were having difficulty competing against foreign carriers.
b. be certain that there would be employment for U.S. sailors and mariners
c. prevent the economic decline of the U.S. flag ocean carriers
d. in response to ship lines and builders wanting federal aid.
C
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Most organizations place far more emphasis on price than on product quality.
Answer the following statement true (T) or false (F)
Which of the following is the correct formula to calculate days' sales in inventory?
A) Days' sales in inventory = 365 days x Inventory turnover B) Days' sales in inventory = 365 days + Inventory turnover C) Days' sales in inventory = 365 days / Inventory turnover D) Days' sales in inventory = 365 days - Inventory turnover
Refer to the following list of liability balances at December 31, 2017 Accounts Payable $22,000 Employee Health Insurance Payable 1,450 Employee Income Tax Payable 400 Estimated Warranty Payable 1,200 Long-Term Notes Payable (Due 2021 ) 37,000 FICA-OASDI Taxes Payable 1,560 Sales Tax Payable 1,270 Mortgage Payable (Due 2022 ) 7,000 Bonds Payable (Due 2023 ) 53,000 Current Portion of Long-Term Notes Payable 7,500 What is the total amount of current liabilities?
A) $35,380 B) $27,880 C) $27,480 D) $26,280
A volatility swap is
A. An instrument that swaps the change in the value of a market variable for a fixed amount B. A swap involving an asset whose volatility is greater than a certain level C. An exchange of the implied volatility of an option at a future time for a fixed volatility D. An exchange of the realized volatility of an asset for a fixed volatility