Suppose Congress passed a law preventing lenders from charging debtors more than a 12 percent annual interest rate. Fritz's Loan Company has one office in Orlando and only lends money to people in Florida. Fritz challenges the constitutionality of the application of the law to his business, because he conducts it all within one state. The law is probably:
a. constitutional according to the Third Amendment
b. unconstitutional as the Commerce Clause is interpreted
c. unconstitutional as the Necessary and Proper Clause is interpreted d. unconstitutional as the Third Amendment is interpreted
e. none of the other choices
e
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Which of the following is expressed as a percentage of net sales?
A. Total assets B. Gross sales C. Accounts receivable D. Net profit margin E. Operating expenses
Which of the following investments should be classified as cash equivalents for Lastima Company in preparing the statement of cash flows? 1 Shares of stock in Lastima Company. 2 A one-month Treasury note purchased by Lastima Company when only 3 months remained in the note's term. 3 Share in a money market fund purchased by Lastima Company; the fund purchases only investment grade corporate debt
instruments with maturities of 2 months or less. 4 A one-year treasury note purchased by Lastima Company when the treasury note was issued, which now has only 2 months remaining in its term. a. 2, 3 b. 2, 4 c. 2, 3, 4 d. 1, 2, 3, 4
Retailers are often unable to earn an adequate return on investment in which type of location?
a. overstored b. saturated c. understored d. zone of indifference
Section 5 of the Securities Act of 1933 requires an issuer to register its securities with the SEC prior to selling them to the public
Indicate whether the statement is true or false