1. The requires registration of an initial stock sale. 1933 Act 2. The 1933 Act requires to prove a loss and misleading financial statements. third parties 3. Under the 1934 Act, third parties must prove . scienter 4. The 1934 Act protects any person buying or the security. selling 5. The 1933 and 1934 acts include provisions for civil and charges against CPAs. criminal

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

•broussard skateboard’s sales are expected to increase by 15% from $8 million in 2016 to $9.2 million in 2017. its assets totaled $5 million at the end of 2016. broussard is already at full capacity, so its assets must grow at the same rate as projected sales. at the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. the after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 40%. use the afn equation to forecast broussard’s additional funds needed for the coming year

Boone brothers remodels homes and replaces windows. ace builders constructs new homes. if boone brothers considers expanding into new home construction, it should evaluate the expansion project using which one of the following as the required return for the project?