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642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION
UCC Article 9 Secured Transactions Classes of Tangible & Intangible Goods a FAN is a SPECIFIC type of goods covered under UCC Article 9.
FARMING products ACCOUNT proceeds received upon sale of collateral NOTES (promissory & drafts) STOCKS, bonds & mutual funds PERSONALTY - chattels / movable goods generally EQUIPMENT CONSENSUAL security interests only (not statutory or mechanic liens) INVENTORY FIXTURES annexed to real estate (lighting fixtures, sprinkl...
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Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com
CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION
http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740
46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION
UCC Article 9 Secured Transactions VCR The 3 Requirements for Attachment
VALUE must be given by creditor CONTRACT - the security agreement serves as evidence of the secured transaction unless the secured party has taken possession of the collateral. debtor must have RIGHTS in the collateral.
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Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com
CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION
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46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION
UCC Article 9 Secured Transactions Priority of Creditors Article 9 dictates which creditor gets to keep the O-PA-L NUG(get).
buyer in ORDINARY course PERFECTED ATTACHED creditor LIEN creditor NON-ordinary course buyer attached UNPERFECTED creditor (including bankruptcy trustee) GENERAL unsecured creditor
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Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com
CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION
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46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION
UCC Article 9 Secured Transactions Advantages to Purchase Money Security Interest (PMSI) Status HATS off to PMSI creditors because they get top priority. a PMSI in HOUSEHOLD goods is effective unlike every other security interest mere ATTACHMENT perfection TWENTY day grace period to perfect interest in non-inventory go...
HOUSEHOLD goods mere ATTACHMENT TWENTY day grace SUPER priority on inventory
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Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com
CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION
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46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json
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UCC Article 9 Secured Transactions - Assignees & UCC Article 3 Commercial Paper - Holder in Due Course three requirements to avoid being subject to personal defenses
FOR value IN good faith without NOTICE
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Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com
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46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION
UCC Article 9 Secured Transactions Methods of Perfection Perfection Calls For Many Things (5)
Possession Control Filing the financing statement in debtor's state Mere attachment (consumer goods and PMSI) Title certificate
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46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION
UCC Article 9 Secured Transactions Permitted Contents of Security Agreements The FOCAL Point of a security agreement is the collateral. FUTURE advances clause - allows further cash advances to be secured by collateral covered in earlier security agreement OTHER provisions, such as set-off or recoupment rights, debtor d...
FUTURE cash advances OTHER duties/rights describe COLLATERAL AFTER-ACQUIRED clauses floating LIEN on fast-turning inventory PROCEEDS upon disposition
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Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com
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46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION
UCC Article 9 Secured Transactions Repossession Right of Creditor upon Default by Debtor The repo man SCAR'D the debtor but that's his right. STRICT foreclosure, where creditor legally retains the collateral and outstanding debt is cancelled CONSENT, voluntary and contemporaneous, from debtor to enter and take collater...
STRICT foreclosure get CONSENT to take judicial ACTION REPOSSESSION DISPOSITION sale
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642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION
Torts - Transferred Intent Doctrine Five Relevant Torts you Can't BAIL if you intended one tort but did something else
trespass to CHATTELS BATTERY ASSAULT false IMPRISONMENT trespass to LAND
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642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION
Torts - Negligence Elements to make out a Prima Facie case Any band that puts out a DRAB CD is guilty of negligence to its fans.
DUTY to exercise REASONABLE care to ANYONE in plaintiff's position a BREACH of the duty to prevent the foreseeable risk of harm CAUSATION (actual/"but for" and proximate/legal) resulting DAMAGES caused by the breach
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642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION
Torts - Negligence Alternative Standards of Care beyond "the reasonable person" SKIDMART didn't HELP that COUPLE so they'll be held to a different standard of care.
SCHOOL and pupils (special relationship) K duty (contractual special relationship) INNKEEPER and guests ("highest" duty) DRAMSHOP laws impose liability upon drinking establishments MALPRACTICE standards for professionals liability to AUTOMOTIVE non-paying guests for reckless driving RES ipsa loquitur TRAVELERS aboard a...
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46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json
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Torts - Causes of action related to Products Liability You are liable for harm done if you use your PENIS as a product. PUBLIC MISREPRESENTATION under restatement 402(B) EXPRESS warranty under UCC 2-313 NEGLIGENCE IMPLIED warranty under UCC 2-314 to 2-318 merchantability fitness for a particular purpose remote purchase...
PUBLIC misrepresentation EXPRESS warranty NEGLIGENCE IMPLIED warranty STRICT products liability
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46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION
Torts - Bases of Strict Liability for Injury to Persons or Property You will be strictly liable for missing the day if you are not UP at DAWN.
ULTRA-HAZARDOUS, abnormally dangerous activities defective PRODUCTS (at) DOMESTIC animals with known dangerous propensities ALL injuries caused by wild ANIMALS WORKER's compensation (statutory strict liability) NO-FAULT automobile insurance (statutory strict liability)
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46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION
Torts - Causes of Action for Economic Injury causing FAMINE is an economic tort. FRAUD - misrepresentation of a past or present material fact ABUSE of process - initiation of civil or criminal proceedings against plaintiff with malicious intent (prior action NEED NOT have terminated in favor of present plaintiff) MALIC...
FRAUD ABUSE of process MALICIOUS prosecution INJURIOUS falsehood NEGLIGENT misrepresentation interference with prospective ECONOMIC advantage
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Torts - Theories of Vicarious Liability i DARE Plaintiff to Join vicariously liable tortfeasors. DELEGATION of non-delegable duties (inherently dangerous work, like excavation) AUTOMOBILE ownership negligent entrustment (knew of unsafe driving habits) use by family members for a family purpose statutory liability for c...
DELEGATION of danger AUTOMOBILE ownership RESPONDEAT superior Negligent ENTRUSTMENT known PROPENSITIES JOINT enterprise
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Torts - Attractive Nuisance Test To Determine Liability An attractive nuisance is a REAL threat to the safety of children. children cannot RECOGNIZE danger EXPENSE of making condition is slight compared to danger dangerous condition on property is ARTIFICIAL children are LIKELY to trespass on property (and possessor kn...
RECOGNITION of danger EXPENSE ARTIFICIAL LIKELY trespassors
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46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json
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Torts - Defenses to Defamation Privileges It's bad P.R. to defend FOGIES in defamation cases. statement occurred during PROCEEDINGS of legislative or judicial branch REPORTS of public proceedings FIRST amendment qualified privileges - non-malicious statements about public figures and public controversies, non-negligent...
PROCEEDINGS REPORTS FIRST amendment OPINIONS GOVERNMENT officials INTEREST of EQUAL time broadcasts SPOUSES
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46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json
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Torts - Statements that Constitute Slander Per Se It's slander per se to call someone SLIM.
SEXUAL misconduct (lack of chastity of a woman) LOATHSOME, communicable disease INCOMPETENCE in trade or profession conduct/crime involving MORAL turpitude
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Torts - Defenses to Intentional Torts Hell hath no fury like A SCORN'D tort victim. use of reasonable force to effect an ARREST SHOPKEEPER's privilege to detain suspect for reasonable time using non-deadly force CONSENT defense of OTHERS if protected party was entitled to use same amount of force RECAPTURE of property ...
ARREST SHOPKEEPER's privilege CONSENT defense of OTHERS RECAPTURE of property NECESSITY DEFENSE under protective privilege (self, land, chattels)
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Torts - Available Remedies Damages, Restitution, Equity Get back at a tortfeasor by Playing CLARINET. PUNITIVE damages for willful, wanton or malicious conduct normally associated with intentional torts COMPENSATORY damages for past, present and foreseeable future loss or injury (unforeseeable special damages must be s...
PUNITIVE damages COMPENSATORY damages equitable LIEN ASSUMPSIT REPLEVIN INJUNCTION NOMINAL damages EJECTMENT constructive TRUST
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Torts - Limitations on Awarding of Damages tort damages are measured by how well you FUCC.
FORESEEABLE - damage/injury must be foreseeable at the time duty is breached (proximate cause) UNAVOIDABLE - no recovery for losses which reasonably could have been avoided or mitigated damages must be CAUSED by defendant's breach ("but for" causation) sufficiently CERTAIN - damages cannot be speculative
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Torts - Defenses to Claims Brought in Equity Rights in equity LAPSE if U assert a proper defense. LACHES - equity aids the vigilant, not those who knowingly sit on rights waiting for a defendant to detrimentally change position freedom of ASSOCIATION - equity will not interfere with the internal management of an ASSOCI...
LACHES freedom of ASSOCIATION injunction against PROSECUTION freedom of SPEECH injunction to ENJOIN crime UNCLEAN hands
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46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json
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Trusts - Elements of a Valid Trust I know the PARTS of a valid trust. INTENT to create a trust is manifest by conduct valid PURPOSE (not contrary to public policy or illegal) ASCERTAINABLE beneficiaries (directly capable of taking and holding title for their benefit) RES must be a presently existing, identifiable prope...
INTENT to create valid PURPOSE ASCERTAINABLE beneficiaries RES named TRUSTEE SETTLOR
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46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json
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Trusts - Ways a Trust can be Created it's WICKED smart to create a trust. created by WILL (testamentary trust) INTER VIVOS trust created by transfer of property CONSTRUCTIVE or resulting trust created as a matter of law creation of trust by K (contract) creation of trust by EXERCISING the power of appointment DECLARATI...
by WILL INTER VIVOS CONSTRUCTIVE/resulting by K (contract) EXERCISING power of appt. DECLARATION
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Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com
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46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION
Trusts - Duties of Trustee The trustee had a duty to make sure the beneficiary wasn't drinking SPOILED CAB. refrain from SELF-DEALING (duty of loyalty) PROTECT the corpus of the trust by preserving principal and diversifying the trust portfolio refrain from usurping OPPORTUNITIES available to trust (duty of loyalty) IN...
SELF-DEALING PROTECT corpus not usurp OPPORTUNITIES INFORM on big transactions LITIGATE EXERCISE care, skill, prudence not DELEGATE authority COMPLY with terms ACCOUNTING refrain from BORROWING
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Trusts - Trustee's Defenses for Breach of Duty A trustee can KIL a suit against him for breach of duty. KNOWING consent (or waiver) to breach of trustee's duties by beneficiary (implicitly applied to beneficiaries who benefited from wrongful act) INSTRUMENT contains exculpatory or "hold harmless" provisions. These are ...
KNOWING INSTRUMENT LACHES
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Trusts - When a "Charging Order" to Invade a Spendthrift, Support or Discretionary is Permitted Certain ANTICS let creditors invade the principal of protective trusts. ALIMONY obligations due a former spouse NECESSITIES - debts incurred for food, shelter, medical expenses, etc. TAXES - income necessary to satisfy benef...
ALIMONY NECESSITIES TAXES INTENTIONAL hindrance of creditor CHILD SUPPORT SELF-SETTLED trust assets
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Future Interests - Applicability of Rule Against Perpetuities RAP music is ECO-friendly.
RULE AGAINST PERPETUITIES EXECUTORY interests CONTINGENT remainders OPEN class remainders
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Future Interests - Allowed Restraints on Alienation U F See fighters are good at restraining aliens. USE restrictions (with reversionary interest) - "To A but if not used for church purposes, the land shall revert to me." right of FIRST REFUSAL - allows holder to match a third party's offer (if accepted) to buy the pro...
USE restrictions right of FIRST refusal "wait and SEE"
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Trusts - Ways a Trust can be Terminated When a trust wants to be terminated, it yells "Pour some ACID on ME!!!" PETITION to court by beneficiary, spendthrift provision or settlor (if beneficiary is in agreement) purpose ACCOMPLISHED, illegal or impossible (such as if the sole beneficiary dies without heirs) CONSOLIDATI...
PETITION to court ACCOMPLISHED purpose CONSOLIDATION of trusts INCOME interest terminates DONOR termination MERGER of title EXPIRATION of trust term
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Wills - Elements of a Valid Will I CAST a valid will into the stream of probate court.
INTENT to devise contents upon death at time of execution CAPACITY to understand the property, people involved and the effect of executing the instrument. ATTESTED to by two competent, non-interested witnesses SIGNED by testator or person directed who is within "line-of-sight" TESTAMENTARY age of legal capacity
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Wills - Eight Frequently Tested Problematic "Takers" Under the Will An executor looks to the LIAR DOCS to decide who takes under the will. LATER spouse not named in existing valid will usually takes all jointly-owned property and the greater of $50k or 1/2 of the separate property under UPC intestacy succession rules I...
LATER spouse IRREVOCABLE living trusts ADOPTED children REFUSAL by beneficiary subsequent DIVORCE OMITTED surviving children beneficiaries included in CLASS SATISFACTION by inter vivos transfer
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46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION
Wills - Will Challenges Grounds To Contest a Dependable, Constructive UMPIRE decides whether a will can be contested.
DEPENDANT relative revocation may apply if subsequent will or codicil is invalid AND prior valid will is substantially identical & consistent with testator's intent CONSTRUCTIVE trust may be necessarily imposed to prevent unjust enrichment or injustice to omitted beneficiary (wrongdoer serves as trustee, ha ha ha) indi...
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Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com
CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION
http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740
46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION
Wills - Undue Influence Factors to Consider only a CAD ROBS a rich testator.
CONFIDENTIAL (or fiduciary) relationship exists ACTIVE participation in will preparation or execution DISPOSITION to exercise undue influence unnatural RESULT OPPORTUNITY to exercise undue influence undue BENEFIT to alleged wrongdoer SUSCEPTIBLE testator
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Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com
CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION
http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740
46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION
Wills - Classification of Legacies and Devises Acrostic Some Grantors Die Really Intestate SPECIFIC devise or bequest - particular items specified in the will GENERAL legacy - a sum of money to be paid out of any assets of the estate DEMONSTRATIVE legacy - a sum of money to be paid from a particular account or upon sal...
Some - Specific devise or bequest Grantors - General legacy Die - Demonstrative legacy Really - Residuary gift Intestate - Intestate property
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Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com
CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION
http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740
46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION
Wills - Ways to Revoke the provisions of a Will DIVORCE will AMBUSH beneficiaries. DIVORCE / annulment (property passes as if the former spouse predeceased testator) post-will ISSUE (revoked as to that child) VARIANCE of provisions that increases a non-residuary gift or changes a beneficiary OBLITERATION by cancellatio...
DIVORCE post-will ISSUE VARIANCE OBLITERATION slayer RESTRICTION CY PRES EXPRESS revocation ADEMPTION post-will MARRIAGE BEQUEST advancement UNIFORM Simultaneous Death Act SIGNATURE defaced HOLOGRAPHIC codicil
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Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com
CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION
http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740
46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION
Wills - Surviving Spouse's Right to Elective Share A surviving spouse won't get the SHAFT Provided she takes her elective share. SOCIAL SECURITY HOMESTEAD laws secure the family home free of claims of creditors family ALLOWANCE awarded by probate court (statutory authorized maintenance and support during administration...
SOCIAL SECURITY HOMESTEAD ALLOWANCE FRACTIONAL TANGIBLE PRIVATE PENSION PLANS
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Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com
CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION
http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740
46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION
Wills - Ways for Surviving Spouse to Maximize Elective Share United Artists changed the SCRIPT. Now the surviving spouse gets a bigger elective share. UNITED STATES savings bonds (jointly held) APPOINTMENT (to self) of trust res over which decedent had a general Power of Appointment (to give to anybody) SHAREHOLDER agr...
US Savings Bonds APPOINTMENT to self SHAREHOLDER agreements gifts CAUSA mortis RETIREMENT benefits INTER VIVOS gifts w/in 1 yr POST-MARRIAGE jointly held property TOTTEN trust assets
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Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com
CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION
http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740
46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json
642f9070__and_MEE_Flashcards___Cram_com__UTHORITY_LIABILITY_TERMINATION
Wills - Slayer Statute Exceptions A killer may still take if he acted without SIN.
perfect SELF-DEFENSE INSANITY NEGLIGENT homicide
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Bar Exam Mnemonics and Acrostics - MBE and MEE Flashcards - Cram.com
CREATION OBLIGATIONS RIGHTS RATIFICATION AUTHORITY LIABILITY TERMINATION
http://www.cram.com/flashcards/bar-exam-mnemonics-and-acrostics-mbe-and-mee-984740
46/1438042986444.39_20150728002306-00233-ip-10-236-191-2_393658924_0.json
b6d83f54_l_Review_Flashcards___Cram_com___using_dividend_growth_model__
A is correct.
Which of the following Covenats obliges the borrower to repay the bonds if a large quantity of common stock is held by a single investor and the bond rating is downgraded? A- Poison put clause B- Cross-default clause C- Affirmative covenant D- Negative pledge clause
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Final Review Flashcards - Cram.com
How to value stock using dividend growth model ?
http://www.cram.com/flashcards/final-review-883632
46/1438042988922.24_20150728002308-00102-ip-10-236-191-2_387761918_0.json
b6d83f54_l_Review_Flashcards___Cram_com___using_dividend_growth_model__
The Exercise or Strike price of an option is the specified price at which the holder of a call option has a right to purchase the asset. The purchase price of the option is known as the premium and the difference between the exercise price and the current stock price is know as the Intrinsic Value of the option. The di...
A call option gives the holder the right to purchase an asset at a specified price, called the ________ price, before some specified date. The purchase price of the option is called the ________, while the exercise price of the option minus the current stock price is known as ________. Finally, the difference between t...
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Final Review Flashcards - Cram.com
How to value stock using dividend growth model ?
http://www.cram.com/flashcards/final-review-883632
46/1438042988922.24_20150728002308-00102-ip-10-236-191-2_387761918_0.json
b6d83f54_l_Review_Flashcards___Cram_com___using_dividend_growth_model__
B is correct. Index arbitrage involves the following: if the futures price is too high, short the futures contract and buy the stocks (and vice versa) in the portfolio to exploit the divergence between the actual futures price and its theoretically correct value. Program trading is the coordinated purchase and/or sale ...
An investment strategy that exploits divergences between actual futures prices and their theoretically correct parity value is known as which of the following? A- Program trading B- Index arbitrage C- Arbitrage pricing theory D- Both program trading and index arbitrage
[]
Final Review Flashcards - Cram.com
How to value stock using dividend growth model ?
http://www.cram.com/flashcards/final-review-883632
46/1438042988922.24_20150728002308-00102-ip-10-236-191-2_387761918_0.json
b6d83f54_l_Review_Flashcards___Cram_com___using_dividend_growth_model__
C is correct. Even though the beta increases in the next scenario, only 70% of the capital is equity and the rest is debt, with an after-tax cost of capital of 7.5%. Thus, moving to this debt structure would lower Datacomp's weighted-average cost of capital. Present WACC = 6 + .95 (16-6) = 15.5% Proposed WACC Cost of E...
Datacomp Industries, which has no current debt, has a beta of .95 for its common stock. Management is considering a change in the capital structure to 30% debt and 70% equity. This change would increase the beta on the stock to 1.05, and the after-tax cost of debt will be 7.5%. The expected return on equity is 16%, and...
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Final Review Flashcards - Cram.com
How to value stock using dividend growth model ?
http://www.cram.com/flashcards/final-review-883632
46/1438042988922.24_20150728002308-00102-ip-10-236-191-2_387761918_0.json
b6d83f54_l_Review_Flashcards___Cram_com___using_dividend_growth_model__
D is correct. The future value of a dollar is its value at a time in the future given its present value. The future value of a dollar is affected both by the discount rate and the time at which the dollar is received. Hence, both dollars-in and dollars-out in the future may be adjusted for the discount rate and any com...
Future value is best described as A. The value of a dollar-in at a future time adjusted for any compounding effect B. The sum of dollars-in discounted to time zero. C. The sum of dollars-out discounted to time zero. D. The value of a dollar-in at a future time adjusted for any compounding effect and the value of a doll...
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Final Review Flashcards - Cram.com
How to value stock using dividend growth model ?
http://www.cram.com/flashcards/final-review-883632
46/1438042988922.24_20150728002308-00102-ip-10-236-191-2_387761918_0.json
b6d83f54_l_Review_Flashcards___Cram_com___using_dividend_growth_model__
D is correct. The following items must be disclosed regarding financial instruments with off-balance-sheet risk of accounting loss: * Accounting loss incurred if any party to the instrument failed completely to perform and the collateral proved to be of no value. * Face or contract amount * Instrument's nature and term...
All of the following must be disclosed regarding financial instruments with off-balance-sheet risk of accounting loss, Except the: A- accounting loss incurred if any party to the instrument failed completely to perform, and the collateral proved to be of no value. B- face or contract amount. C- instrument's nature and ...
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Final Review Flashcards - Cram.com
How to value stock using dividend growth model ?
http://www.cram.com/flashcards/final-review-883632
46/1438042988922.24_20150728002308-00102-ip-10-236-191-2_387761918_0.json
b6d83f54_l_Review_Flashcards___Cram_com___using_dividend_growth_model__
A is correct. The value of a stock right is the difference in the market value of the stock between the rights-on period (when rights can be exercised) and the ex-rights period (when rights are not exercised). The rights-on price of the stock is given at $14. To figure the ex-rights price, we look at the change in the ...
Kruse Corporation made a rights offering to its existing stockholders. Each stockholder received one right for each share of common stock owned. A stockholder will have to surrender five rights plus $8 to receive one new common share. Kruse Corporation's common stock is selling for $14 per share during the rights-on pe...
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Final Review Flashcards - Cram.com
How to value stock using dividend growth model ?
http://www.cram.com/flashcards/final-review-883632
46/1438042988922.24_20150728002308-00102-ip-10-236-191-2_387761918_0.json
b6d83f54_l_Review_Flashcards___Cram_com___using_dividend_growth_model__
B is correct.
Interest rate swaps: A- involve investors swapping fixed-rate securities for floating-rate securities. B- involve investors trading interest payments or cash flows from different securities without actually trading the securities directly. C- involve investors swapping interest rate futures for interest rate options to...
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Final Review Flashcards - Cram.com
How to value stock using dividend growth model ?
http://www.cram.com/flashcards/final-review-883632
46/1438042988922.24_20150728002308-00102-ip-10-236-191-2_387761918_0.json
b6d83f54_l_Review_Flashcards___Cram_com___using_dividend_growth_model__
C is correct.
Which of the following is not a capital instrument for long-term financing? A- Capital lease B- Issuance of a bond C- Issuance of a 1-year note payable D- Issuance of preferred stock
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Final Review Flashcards - Cram.com
How to value stock using dividend growth model ?
http://www.cram.com/flashcards/final-review-883632
46/1438042988922.24_20150728002308-00102-ip-10-236-191-2_387761918_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What are latitude line?
Parallel line having 10 degree spacing between them from the equator to the poles
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What is the prime meridian?
The starting point for lines of longitude or zero degrees. passes from the north pole to the south pole through Greenwich England
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What is Mercator?
a cylindrical projection of a map
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] what is conic projection?
It places a cone over the earth and projects the meridian and paralles
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] what is the most ccommonly used aeronautical chart?
Sectional chart
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] Who do sectional maps help most?
pilots who fly aircraft over short distances
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What do relief charts describe?
elevations
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] How are relief charts depected?
by color tints, contour lines and shading
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] Hydrographic features refer to what?
water
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] How are streames and lakes depicted on a sectional?
in blue
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] On a sectional map how are cities and town featured?
in bright yellow
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] On a sectional map how are small towns shown?
small back circles
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What are the three kinds of airports?
civilian, military or joint use
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] How is a civilian unpaved airport marked?
magenta circle
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What is marked near the name of the airport?
height above sea level and length of runway
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] How is a military airport marked?
The same as civilian except and abbreviation for the owning military service
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What are joint use airports?
Where civilian and military share runways?
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] How are joint use airports marked?
With its name with both civilian and military listing
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What is subject to control by faa air traffic controllers?
Controlled airspace
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What is the largest area of controlled airspace called?
The continental control area
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] Control areas are around what?
most airports
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What are airways?
three-dimensional highways in the sky
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What is special use airspace?
prohibited and restricted airspace
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What is a true course line?
a line or series of lines that the navigator indicataes the airplane will follow
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What is magnetic courses?
Magnetic north is different from true north because the magnetic north and south poles are not the same a the geographic north and south poles
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] When does compass deviation occur?
Once the compass is mounted in a plane. It must be adjusted because of electrical power and metals in the aircraft
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] what is a altimeter?
The only non-electronic means the pilot has of determining the distance over the service
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Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] what is true airspeed vs. ground speed?
airspeed tells the pilot how fast the airplane is flying through the air. Ground speed is a measure of how fast your aircraft is going across the surface of the earth
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Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What does wind do?
effect of wind on an airplane can either increase or decrease the ground speed depending on whether the plane is flying with or against the wind
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Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What is a wind triangle?
a tool pilots use to figure out where the wind drift will cause the aircraft to fly over the ground.
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Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What does pilotage mean?
navigating by reference to visible landmarks
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What does Dead Reckoning involve?
the systematic consideration of all factors that will and could affect the flight
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What is the aircraft radio used for?
an aid to navigation because it is the pilot's communication's link with faa personal
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What does VOR stand for?
Very High Frequency Omnidirectional radio Range
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What is the VOR?
is the second half of the aircraft radio.
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What must the VOR be tuned to?
the broadcast frequency of the Vor radio station just like the aircraft radio
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What does ADF stand for?
Automatic Directional Finder
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What is the ADF? i
is another type of radio receiver that is used to determine direction, but it does not provide as much information as the VOR
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What does DME stand for?
Distance measuring equipment
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Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What does the DME do?
sends a signal and measures the time it takes to go from the aircraft to the VORTAC and return.
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] Radar works on the principle of what?
of reflected radio energy.
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Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What do weather radars show?
areas of precipitation and storms
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Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What does the VOR system do?
The total system includes the airplane receivers and the ground stations working together to help the pilot navigate.
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] what does LORAN stand for?
Long-range navigation
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Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What is LORAN?
It is a complete navigation system that is used by large cargo ships and many small, privately owned sea craft. It is also used by aircraft as a means of navigation.
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What is GPS?
Consists of roughly24 satellites in orbit around the Earth, several ground tracking stations and a receiver in the aircraft.
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Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What does GPS stand for?
Global positioning system
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What does PPS stand for?
Precise positioning system
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What is PPS?
is the military's encoded signal
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What is SPS?
is the civilian public's signal
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What does SPS stand for?
Standard positioning system
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json
fbb2b7d8_ght_Ch_9_Flashcards___Cram_com__reat_circles_going_north_south
[What are line of longitude?] What is inertial navigation?
is a self contained unit located withing the aircraft that needs only to be programmed for the starting point and a destination
[]
Aerospace Journey of Flight Ch 9 Flashcards - Cram.com
Eighteen primary great circles going north-south
http://www.cram.com/flashcards/aerospace-journey-of-flight-ch-9-981072
46/1438042986444.39_20150728002306-00008-ip-10-236-191-2_397347033_0.json