The dramatic increase in the south's slave labor force between 1810 and 1860 was due to:
A. An increase in African trade
B. The importation of slaves from the west Indies
C. An increase in the severity of fugitive slave laws
D. The accusation of Louisiana
E. The natural population increase of American-born slaves
Answer: E. The natural population increase of American-born slaves
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Under the UCC Secured Transactions Article, which of the following statements is correct concerning the disposition of collateral by a secured creditor after a debtor's default?
A. A good faith purchaser for value and without knowledge of any defects in the sale takes free of any subordinate liens or security interests. B. The debtor may not redeem the collateral after the default. C. Secured creditors with subordinate claims retain the right to redeem the collateral after the collateral is sold to a third party. D. The collateral may only be disposed of at a public sale.
The information related to interest expense of Stereo Music, Inc. is given below
Net income $264,000 Income tax expense 107,000 Interest expense 66,000 Based on the above data, which of the following is the times-interest-earned ratio? A) 4.08 times B) 4 times C) 6.62 times D) 5 times