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Maria gave her boyfriend, Mark, a check, but she left the amount incomplete. The check was given as partial payment for a $2,000 loan that Mark made to Maria three months ago. The amount was left blank because Maria was in a hurry. Maria signed a blank check and told Mark to fill out the check for $500. Mark needed to make an $800 car payment, so he wrote the check for $800 and cashed it at Maria's bank. Maria was upset when she found out about it. She broke up with Mark and demanded that he immediately pay her the $300 difference. Mark refused claiming Maria owed her more than that. Maria threatens to sue Mark for the $300.
What are Maria's options?
If Maria files a complaint in the appropriate court, will she be successful? Discuss why or why not.
Does Maria and Mark's prior relationship influence the case in any way? Discuss why or why not.
Vandalay Industries is considering the purchase of a new machine for the production of latex. If the company plans to replace the machine when it wears out on a perpetual basis, the EAC for machine A is $ and the EAC for machine B is $ . Therefore..
Integrity, especially honesty, is trait number one for being employed as a CFO in corporate America today. How might you assess a job candidate's honesty if interviewing a potential CFO candidate?
Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next fifteen years, because the firm needs to plow back its earnings to fuel increase.
Johnson Electronics is planning extending trade credit to some customers previously considered poor risks. Sales would increase by $100,000 if credit is extended to these new customers.
Explain determining the minimum price to be charged for product which to be produced from new project
Jacob has an opportunity to invest in new retail development in his building. The initial investment is $50,000 & expected cash-flows are as follows: Year 1: $2,500 Year 2:
A Corporation is evaluating two systems. The Corporation revenue stream will not be affected by the choice of the systems, the projects are being evaluated through finding the PV of each set of costs.
Discuss the differences between a direct-financing and a sales-type lease for a lessor? Why would a lessor provide direct-financing to a lessee?
Discuss and explain how the funding of higher education can be divided up by the following main sources?
Assume the firm could earn 10 percent on short term investments; further assume 260 working days, and hence 260 transfers from each lockbox location per year. What is the total annual cost of operating the lockbox system?
Suppose you are the president of a large publicly owned company, would you make decisions to maximize stockholders' welfare or your own personal interest?
Using taxable equivalent yield concept, you are to help the ACG advisor describe to Beth why the FGR bond investment could offer a higher yield and lower risk. Make sure that you present the information in as simple a manner as possible without le..
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