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Joe and Sue enter into a contract in March, where Joe will make 200 hand-beaded Christmas tree skirts for Sue's shop. He agrees to deliver the skirts by 1 Oct. In early June, Sue hears that Joe has gone out of business and closed up his shop, letting his employees go.
She tries to call the work phone and his cell phone, but both are no longer service. Sue is now sure Joe will not fulfill his contract obligation.
This is called ____________.
What can Sue do at this point, considering that Joe did have up to the first of October to complete his end of the contractual bargain?
What is the current yield, capital gains yield and total return?
Calculate your monthly payments on this mortgage. Calculate the amount of interest paid over the life of this mortgage.
Discuss the possibility of agency problems in a business that is a (a) proprietorship, (b) partnership with seven partners,
What is the purpose of the budget? Why are requests for budget revisions necessary?When should a formal request for a budget revision be submitted?
how much will Vickie pay in finance charges?
Because cash is held in money market fund, annual return is lower. What is the annual rate of return and the total risk for the optimal portfolio?
SP Enterprises will pay an annual dividend of $2.08 a share on its common stock next year. Last week, the company paid a dividend of $2.00 a share. The company adheres to a constant rate of growth dividend policy. What will one share of SP common sto..
If interest rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of these bonds be then?
Explain how an interest rate is just a price.
WC Inc. has a $10 million (face value), 10-year bond issue selling for 99 percent of par that pays an annual coupon of 9 percent. What would be WC's before-tax component cost of debt? Please show all work and formulas.
What are your initial impressions of the country rankings in the Doing Business study? What is unique to the top 10 countries according to the ease of doing business (EDB) scale, and what is unique to those countries to where EDB is highly unfavorabl..
You plan to buy a house in 9 years. You want to save money for a down payment on the new house. You are able to place $182 every month at the end of the month into a savings account at an annual rate of 14.82 percent, compounded monthly. How much mon..
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