A “payday” loan is generally illegal in Arkansas because of which of the following:
A. It violates the employment laws of the state.
B. It violates the minimum wage laws of the state.
C. It violates the usury laws of the state.
D. It violates federal truth in lending laws.
E. It violates federal bankruptcy laws.
Answer: C. It violates the usury laws of the state.
Business
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A machine with a cost of $147,000 and accumulated depreciation of $102,000 is sold for $58,500 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:
A) $96,000 B) $16,000 C) $12,000 D) $58,500
Business
Respondents for the pretest and for the actual survey should not be drawn from the same population
Indicate whether the statement is true or false
Business