For criminal sanctions to be imposed under Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 scienter must exist
Indicate whether the statement is true or false
True
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Answer the following statements true (T) or false (F)
The IASB has not yet promulgated a conceptual framework.
Which of the following arguments are espoused by proponents of positive action policies?
a. Compensatory justice b. Retaliatory justice c. Law of equanimity d. Social unification
Michigan Industries has three projects under consideration. Project L is a lower-than-average-risk project, project A is an average-risk project, and project H is a higher-than-average-risk project
You have gathered the following information to determine if one or more of these projects has an acceptable rate of return for the firm. • Sources of financing 50% debt and 50% equity • Rd = 8.00% before taxes • Tax Rate = 30% • Average beta for Michigan Industries = 1.0 • Rm = 13.00% • Rf = 4.00% • Adjusted WACC = 9.30% • Beta for project L = 0.80, for project A = 1.00, and for project H = 1.20 • IRRL = 9.00%, IRRA = 10.00%, and IRRH = 11.00% Calculate the required rate of return for each project and determine which, if any, projects are acceptable to the firm. What will be an ideal response?
What is not a feature of the Consumer Credit Protection Act:
a. abusive debt collection tactics are limited b. credit reporting agencies must follow certain rules about accuracy in consumer reports c. creditors must follow certain procedures for handling charges disputed by consumers d. creditors may not charge interest rates that exceed the federal maximum rates e. all of the other choices are features of the Act