The elements of a security, as the Supreme Court ruled in the SEC v. Howey case include:
a. an investment of money
b. an investment in a common enterprise c. a role in managerial control
d. an investment of money in a common enterprise
e. an investment of money in a common enterprise with a role in managerial control
d
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Which of the following is least likely to be representative of age bias?
A) Young and energetic B) Three years of experience C) Entry level D) Senior E) Mature
A constituency is
A. two or more parties on the same side who are working together and collectively advocating the same positions and interests. B. any individual or group of people who are not directly involved in or affected by a negotiation, but who have a chance to observe and react to the ongoing events. C. one or more parties whose interests, demands, or priorities are being represented by the focal negotiator at the table. D. a negotiator representing the interests of another party.
In a short essay, explain the USA PATRIOT Act.
What will be an ideal response?
Kohers Inc. is considering a leasing arrangement to finance some manufacturing tools that it needs for the next 3 years. The tools will be obsolete and worthless after 3 years. The firm will depreciate the cost of the tools on a straight-line basis over their 3-year life. It can borrow $5,400,000, the purchase price, at 9.6% and buy the tools, or it can make 3 equal end-of-year lease payments of $1,900,000 each and lease them. The loan obtained from the bank is a 3-year simple interest loan, with interest paid at the end of the year. The firm's tax rate is 40%. Annual maintenance costs associated with ownership are estimated at $240,000 payable at the end of the year, but this cost would be borne by the lessor if the equipment were leased. What is the net advantage to leasing (NAL), in
thousands? (Suggestion: Delete 3 zeros from dollars and work in thousands.) Do not round your intermediate calculations. A. $634 B. $793 C. $674 D. $872 E. $951