The U.S.Small Business Administration (SBA) gives interest-free loans to start-up businesses and fully guarantees loans from local commercial lenders.
Answer the following statement true (T) or false (F)
False
The U.S. SBA doesn't give free money to start-up businesses—neither grants nor interest-free loans—but it does partially guarantee loans from local commercial lenders. See 7-3: Finding the Money: Funding Options for Small Businesses
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Compensation expense related to employee stock options is a tax-deductible expense for the corporation
Indicate whether the statement is true or false
Wing Company makes a special kind of racing tire
Variable costs are $320, and fixed costs are $35,500 per month. Wing sells 600 units per month at a sales price of $410. If Wing upgrades the quality of the tire, management believes that the sales price can be increased to $470. If so, the variable cost will increase to $350, and the fixed costs will rise by 30%. The CEO wishes to increase his operating income by 21%. If the company decides to upgrade the product, the CEO will reach his goal. Indicate whether the statement is true or false
Which of the following classifications of securities had the largest one-year return over the period 1950-1999?
A) Small-company stocks B) Long-term government bonds C) 3-month U.S. Treasury bills D) Large-company stocks
Into what category does the following balance sheet item fall: Note Receivable (3-month)
A) Current asset B) Fixed asset C) Intangible asset D) Current liability