Exchanging stock or something else for existing debt under Chapter 11 bankruptcy is called:
A. composition settlement.
B. extension.
C. substitution.
D. amendment.
Answer: C
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Kindest Inc. generates a net profit of $345.1 million from 17 million shares. Calculate the earnings per share of the company
A) $20,300 per share B) $2,030 per share C) $203 per share D) $2.3 per share E) $20.3 per share
The Equal Credit Opportunity Act (ECOA) provides that
A) minorities and women be given special consideration in granting credit. B) individuals cannot be denied credit because of gender or minority status. C) the Federal Government guarantees loans made to minorities and women to encourage lending by financial institutions. D) financial institutions must meet a federal quota for loans to minorities and women, or lose federal deposit insurance protection.
The total annual cost is given by the sum of ordering costs and holding costs. At the lowest total annual cost, ______.
a. the total annual ordering cost is less than the total annual holding cost b. the total annual ordering cost is equal to the total annual holding cost c. the total annual ordering cost is more than the total annual holding cost d. the total annual ordering cost is twice the total annual holding cost
Through the process of __________, a nation that was not an original party to a treaty can elect to participate in a treaty at a later time
a. ratification b. accession c. signing d. approval