Which of the following ratings by Standard & Poor's (S&P) indicates speculative bonds??
A. ?A
B. ?B
C. ?BB
D. ?BBB
E. ?CCC
Answer: E
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Jelk Company is structuring a transaction that will generate $140,000 taxable revenue and cash inflow. Which of the following structures is the most effective in terms of the time period variable?
A. Jelk will receive the cash in 20Y2 and report the income in 20Y1. B. Jelk will receive the cash in 20Y1 and report the income in 20Y2. C. Jelk will receive the cash and report the income in 20Y2. D. Jelk will receive the cash and report the income in 20Y1.
The Rehabilitation Act:
a. requires all employers with 20 or more workers to take affirmative steps to employ the handicapped. b. has been recently amended to categorically remove those with AIDS from its protection. c. states that a person addicted to cigarette smoking is handicapped under the Act. d. does not consider drug and alcohol abuse handicapping conditions for the purposes of the statute.
The consideration paid to an insurer to obtain an insurance policy is the premium.
Answer the following statement true (T) or false (F)
Spears Co. had net sales of $35,400 million. Its average total assets for the period were $14,700 million. Spears' total asset turnover equals:
A. 0.35. B. 3.54. C. 1.48. D. 2.41. E. 0.42.