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Ace contracted with Jones to do certain remodeling work on the building owned by Jones. Jones supplied the specifications for the work. The contract price was $70,000. After the work was completed, Jones was dissatisfied and had Clay, an expert, compare the work done with the specifications provided. Clay testified that the work had been done improperly by Ace and that it would case about $6,000 to correct the mistakes of Ace. If Jones refuses to pay any amount to Ace, what recourse, if any , does Ace have against Jones?
Explain in Details. Please don't answer in 1-2 lines.
Ben Rakusin is contemplating an expansion of his business. He believes he can increase revenues by $9,000 each month if he leases 1,500 additional square feet of showroom space. Rakusin has found the perfect showroom. It leases for $4,000 per month. ..
Bond price for a 20 year Mining and manufacturing bond is selling for $875.28. Bond pays semi-annual coupon of $20 and has par value of 1,000. You only want to hold the bond for 5 years at which you believe you can sell the bond to yield 6%. What is ..
Do you believe that the revaluation of the Chinese yuan's was politically or economically motivated
Based on the cash flows shown in the chart below, compute the IRR and MIRR for Project Erie. Suppose that the appropriate cost of capital is 12 percent. Advise the organization about whether it should accept or reject the project.
The company is expected to pay its dividend today of $1.26. One year ago they paid a dividend of $1.20. You expect dividends to continue to grow constantly at the same rate as the past year. You discount this stock at a rate of 11%. What is your asse..
Which of the following would not be considered in the fixed charge coverage ratio?
_________ take positions in financial futures to reduce their exposure to future movements in interest rates or stock prices; ________ commonly take the opposite position and thus serve as counterparties on many transactions.
Which of the following is a theory about the use of nuclear weapons?
Although a third party reserve report can be costly, it can benefit both buyer and seller. Please list an example of how each would benefit from the report, without hindering the sale.
The Glass-Steagall Act prohibited
It represents the most recent years operations, which ended yesterday. Your Supervisor in the controller’s office has just handed you a memorandum asking for written responses to the following questions: If sales should increase by 25%, by what perce..
Which one of the following best defines the term collection policy?
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