David owns a plot of industrial land. He allows it to be used as a dump site for industrial waste. David eventually finds out that the waste is hazardous
In order to avoid trouble, he sells the land without disclosing to the new owner the issues regarding the hazardous waste. Since David is no longer the owner, will he be subject to investigation in the future? Give reasons for your answer.
Yes, David will be subject to investigation. Under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA), liability for cleanup extends beyond the immediate owner. So-called potentially responsible parties who may be also held liable include: 1 ) present owners or operators of a facility where hazardous materials are stored: 2 ) owners or operators at the time the waste was deposited there; 3 ) the hazardous waste generators; and 4 ) those who transported hazardous waste to the site.
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Long-term creditors are usually most interested in evaluating:
A. Profitability. B. Solvency. C. Managerial effectiveness. D. Liquidity.
Which of the following would occur if a company increases its variable cost per unit? Contribution MarginBreak-even PointA.IncreaseIncreaseB.IncreaseDecreaseC.DecreaseIncreaseD.DecreaseDecreaseE.IncreaseNo effect
A. Choice A B. Choice B C. Choice C D. Choice D E. Choice E
Which of the following is true of a repurchase agreement?
A) It results from a bank guarantee of a business transaction; sold at discount from maturity value. B) It provides a return slightly below that obtainable through outright purchase of similar marketable securities. C) It is issued by professional portfolio management companies. D) Its maturity period lies between 1 to 10 years.
The yield represents which of the following?
A) Earnings per share B) Dividend payment C) Annual return from dividends D) Market price