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1. Lukas is 13 years old. He enters into a contract with Leah (an adult) to purchase of a guitar. Leah then decides that she does not wish to sell the guitar and alleges that no valid contract exists as Lukas is too young to be able to enter into a legally binding contract. Is Leah correct? Would your answer differ if Lukas changed his mind and did not wish to purchase the guitar, but Leah wished to enforce the agreement?
louder company manufactures part mno used in several of its truck models. a total of 10000 units are produced each year
Identify and explain briefly the stages involved in the preparation of budgets clearly describing the roles of the managers and budget committees. Explain how the use of spreadsheets may improve the efficiency and accuracy of the budget preparation p..
Suppose that the terms of trade between a buyer and a seller are free on board (FOB) destination. What document provides evidence that a liability exists and might be unrecorded?
1. whicher corporation had three products in its ending inventory at december 31 2010. whicher corporation considers a
shimmer inc is a calendar year end accrual method corporation. this year its sells the following long term assetsassets
a. Estimate the average price/book value ratio for these comparable firms. Would you use this average P/BV ratio to price the IPO? b. What subjective adjustments would you make to the price/book value ratio for this firm and why?
Additionally, you know that the current stock prices are X(0) = 24 and Y (0) = 48. You wish to construct a risk-free portfolio that consists of 100 shares of X, N shares of Y , and investing B dollars at the risk-free rate. The cost of the portfol..
Prepare Friday's audit report that was submitted to Kim's board of directors 2011 and 2010 comparative financial statements. Kim is a public company.
colasuonno corporation has two divisions the west division and the east division. the corporations net operating income
What risks were involved in the systems development project? What benefits were gained from this systems development project? Was it worth the risks?
the following standards for variable overhead have been established for a company that makes only one productstandard
are these two ever equal?almost always rarely occasionally only when there is no investing cash flow only when there is
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