Municipalities require submission of blueprints and construction plans before issuing a building permit in order to
A) provide evidence of compliance with building codes and other local regulations.
B) prevent unfair competition.
C) maintain a list of active developers.
D) control the influx of builders from surrounding areas.
Answer: A) provide evidence of compliance with building codes and other local regulations.
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Which of the following is regulated by the Securities Act of 1933?
A) fraud in the purchase and sale of securities B) hedge funds and derivatives C) reporting to the investors D) the issuance of securities online
Corporation A decides to borrow $1,000,000 and use the money to buy back $1,000,000 of its
common stock. The corporation pays 6% interest on its borrowed funds which exactly equals the amount of the dividend it used to pay on the common stock it repurchased. Therefore, A) Corporation A's net income will increase due to the tax deductibility of interest expense. B) Corporation A's gross profit will decrease. C) Corporation A will have no change in its operating income since the interest expense exactly offsets the prior dividend payment. D) Corporation A's operating income will decrease due to higher interest expense.